Related Articles
The EU is investing in hydrogen
Forward article link
Share PDF with colleagues

Three hydrogen projects to receive EU finance

EU Innovation Fund will support up to 60pc of costs

Three large-scale hydrogen projects will receive funding from the EU’s Innovation Fund, which is investing a total of €1.1bn ($1.25bn) in seven projects as part of its latest spending round. The Innovation Fund—financed with proceeds from the EU emissions trading scheme (ETS)—will support up to 60pc of projects’ costs “linked to innovation”. This includes capex and opex for up to ten years. “Today's decision gives concrete support to clean-tech projects across Europe and enables them to scale up game-changing technologies that support and speed up the transition to climate neutrality,” says European Commission executive vice-president Frans Timmermans. €1.1bn – Total size of EU



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
China’s Daxing and GH2 cooperate on green hydrogen
18 January 2022
Chinese demonstration hub and international companies form alliance to drive deployment of green hydrogen globally
Woodside starts Feed study on US hydrogen project
18 January 2022
Australian firm targets FID on its most advanced project in second half of 2022
‘Sustainable’ gas taxonomy will affect hydrogen
18 January 2022
Medium-to-long-term outlook for clean hydrogen remains strong despite short-term disruption from gas market interplay
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video