EU approves €5.2bn state aid for hydrogen projects

Second wave of projects approved under IPCEI scheme covers 3.5GW of electrolysers

The European Commission has approved state aid worth €5.2bn ($5.1bn) for a tranche of 35 hydrogen projects put forward by 13 EU member states under the Important Projects of Common European Interest (IPCEI) scheme. IPCEI allows member states to pool state aid and cooperate in a way not allowed under the bloc’s usual state aid rules. The granting of state aid to the projects is expected to unlock a further €7bn of private investment, according to the Commission. The projects, grouped under the name Hy2use, involve 29 companies and cover 3.5GW of large-scale electrolysers. Hy2use also includes storage and transport infrastructure projects, as well as technologies for the integration of hydroge

Welcome to the PE Media Network

PE Media Network publishes Petroleum Economist, Hydrogen Economist and Transition Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

 

Already registered?
Click here to log in Subscribe now
to get full access Register now
for a free trialAny questions?
Contact us

Comments

Comments

{{ error }}

Add Comment

{{ comment.comment.Name }} Editor • {{ comment.timeAgo }}

{{ comment.comment.Text }}