Netherlands to Fund Djewels with €80 Million for Green Hydrogen Project
Key Ideas
- The Dutch government will provide Djawels BV with €80 million in state aid for a green hydrogen production project, covering the funding shortfall.
- Djawels plans to build a 20 MW renewable hydrogen plant using an innovative electrolyzer with high current density and high-pressure hydrogen output.
- Construction of the electrolyzer is expected to commence this year, with the full project launch scheduled for 2027, contributing to the green energy transition.
- Germany is also making significant investments in hydrogen infrastructure, with plans for a €20 billion investment by 2032, focusing on establishing a basic hydrogen network.
The Netherlands has announced a significant financial boost to green hydrogen production by granting Djewels BV, a subsidiary of the Dutch hydrogen group HyCC BV, €80 million in state aid. This funding will support the implementation of a green hydrogen production project, aimed at advancing renewable energy initiatives. Djewels plans to construct a renewable hydrogen plant equipped with an alkaline electrolyser known for its high current density and high-pressure hydrogen output, with a capacity of 20 MW. The government's direct grant will cover the expected financing gap, facilitating the project's development. Anticipated to begin construction this year, the hydrogen plant is set for a full launch in 2027, contributing significantly to the green energy landscape. In parallel, Germany is paving the way for hydrogen infrastructure development, with plans to invest €20 billion by 2032 in establishing a comprehensive hydrogen network. This initiative aligns with the broader European Commission's efforts to enhance the hydrogen market's transparency and supply-demand dynamics. The combined efforts signify a substantial advancement in the renewable energy sector, emphasizing innovation, government support, and a strategic shift towards sustainable energy sources.
Topics
Policy
Renewable Energy
Infrastructure
Innovation
Investment
Energy Transition
Government Support
Hydrogen Market
European Commission
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