Swedish Firm Plagazi Receives €29.5 Million Grant for Green Hydrogen Project
Key Ideas
- Plagazi, a Swedish firm, secures a substantial €29.5 million grant from the EU Innovation Fund for their innovative project on circular hydrogen production from waste.
- The cutting-edge technology by Plagazi converts non-recyclable waste into green hydrogen through high-temperature plasma gasification, with temperatures exceeding 3,000°C.
- The EU's funding will support the scaling of Plagazi's technology, contributing significantly to sustainable hydrogen production and advancing green energy initiatives.
- This financial support enables Plagazi to further develop their process, paving the way for a more environmentally friendly and efficient method of producing hydrogen.
Plagazi, a green hydrogen technology firm based in Sweden, has recently been awarded a substantial grant of €29.5 million from the EU Innovation Fund. This funding is designated to propel the company's project, which focuses on the innovative conversion of waste into circular hydrogen using high-temperature plasma gasification. By subjecting various types of waste to extreme temperatures above 3,000°C, Plagazi's technology can efficiently produce green hydrogen, even from materials that are typically not recyclable. The financial support from the EU Innovation Fund will play a crucial role in expanding Plagazi's technology, enhancing its capability to support sustainable hydrogen production on a larger scale. This advancement highlights a significant step towards a more environmentally friendly approach to hydrogen production, ultimately contributing to the growth of green energy initiatives and promoting a circular economy.