European Commission approves hydrogen fuel project

BRUSSELS, September 21 — PRIME. The European Commission (EC) has agreed on a project of 13 EU countries to develop a hydrogen fuel infrastructure, on which up to 5.2 billion euros of public funds will be allocated, the EC said in a release.

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The Commission has approved, in accordance with EU state aid rules, the second “Important Project of Common European Interest (IPCEI)” to support research, innovation, first industrialization and construction of related infrastructure” in the field of hydrogen, the report said.

In particular, we are talking about assistance in the creation of “large-scale electrolyzers and transport infrastructure for the production, storage and transportation of renewable and low-carbon hydrogen,” the EC notes.

A project called “IPCEI Hy2Use” was jointly prepared and submitted to the European Commission by thirteen EU Member States: Austria, Belgium, Denmark, Finland, France, Greece, Italy, the Netherlands, Poland, Portugal, Slovakia, Spain and Sweden, according to the release. .

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“Member countries will provide up to 5.2 billion euros of public funding, which is expected to open the way for an additional 7 billion euros of private investment,” the EC notes.


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