EIB president Werner Hoyer
EIB signs deal with Hydrogen Europe
Bank will provide financial advisory support and financing products for nascent green hydrogen projects
The European Investment Bank (EIB) has signed a deal with Hydrogen Europe—an umbrella organisation representing the EU hydrogen sector—to provide financial advisory support and financing products for nascent green hydrogen projects. The EIB can combine advisory and technical support in the initial phases of a project, followed by concrete forms of financing later on, according to the bank’s president, Werner Hoyer. “This model is perfect for the development and deployment of new breakthrough technologies, including those based on the use of hydrogen,” he says. "This model is perfect for the development and deployment of new breakthrough technologies" Hoyer, EIB The
Also in this section
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
11 November 2024
Presidency wants declaration from the talks to include specific measures on enabling hydrogen markets
11 November 2024
Midstream project linking the two regions is gaining momentum after string of MoUs and political backing
8 November 2024
The energy sector will need all viable technologies to meet surging demand as AI and datacentres drain power grids
