European Commission Awards STEP Seal to High-Quality Projects in Strategic Technologies
Key Ideas
- European Commission awards STEP Seal to 130 high-quality projects contributing to STEP objectives across various EU funding programmes.
- €1.6 billion of the €4.8 billion funding allocated under the Innovation Fund Call 2023 specifically for hydrogen-related projects.
- 39 hydrogen-related projects out of 130 total recipients received the STEP Seal, with the majority securing EU grants.
- STEP Seal expected to help secure €1.28 billion in funding for 12 unfunded hydrogen projects, fostering innovation in sustainable and digital technologies.
The European Commission has granted the Strategic Technologies for Europe Platform (STEP) Seal to 130 projects that meet quality criteria set by EU funding programmes. Among these, 39 hydrogen-related projects received the label, with a significant portion focusing on ammonia and e-methanol production, renewable hydrogen, and hydrogen-power loader manufacturing. The Innovation Fund Call 2023 awarded €1.6 billion to hydrogen projects, aligning with the overall emphasis on hydrogen initiatives. The STEP Seal not only adds visibility and access to advisory services for projects but also aids in securing funding from EU budget instruments. With 48% of STEP Seal projects having a Hydrogen Europe member, the organization's influence in promoting sustainable technology innovation is evident.
Topics
Production
Innovation
EU Funding
Sustainable Technology
Net-zero Projects
Grant Allocation
Technology Initiatives
Funding Breakdown
Advisory Services
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