Webinar: PtX Development Fund

The German government is supporting the global market ramp-up of Power-to-X (PtX) in India and six other partner countries through the PtX Development Fund. This initiative aims to promote green hydrogen production and its derivatives in developing and emerging economies by providing substantial financial incentives to attract further investments.

The German Federal Ministry for Economic Cooperation and Development (BMZ) has allocated an initial budget of EUR 270 million for the PtX Development Fund, offering grants of up to EUR 30 million for projects across the entire PtX value chain. The PtX Development Fund launched its 2nd Call for Expression of Interest from 8 January to 5 March 2025, inviting applications from 7 eligible countries, including India. 

To raise awareness about these funding opportunities among Indian public and private sector stakeholders, a webinar was held on 22 January 2025, drawing over 90 representatives from the Indian hydrogen industry. The fund is managed by KGAL Investment Management GmbH & Co. KG (“KGAL”), which was appointed by KfW in July 2023. 

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