European Commission Supports HyCC B.V. in Renewable Hydrogen Project
Key Ideas
- The European Commission approved €80 million in state aid to support Djewels B.V., a subsidiary of HyCC B.V., in a renewable hydrogen production technology project.
- The project will demonstrate the feasibility of producing renewable hydrogen using an innovative electrolyser with a 20 MW capacity, starting construction in 2024 and operational by 2027.
- The aid will cover the expected funding gap of the project, provided in the form of a direct grant from the Dutch government.
- The project aims to showcase high current density electrodes and high-pressure hydrogen output in the production process, contributing to advancements in renewable energy technologies.
The European Commission has given its approval for €80 million in state aid to be directed towards supporting Djewels B.V., a subsidiary of the Netherlands' HyCC B.V., in a project focused on renewable hydrogen production technology. This initiative seeks to demonstrate the feasibility of generating renewable hydrogen through the utilization of an alkaline electrolyser equipped with high current density electrodes and capable of producing high-pressure hydrogen output. The innovative electrolyser is slated to have a substantial capacity of 20 MW. Construction of the electrolyser is scheduled to commence in 2024, with the overall project expected to become operational by 2027. The funding provided by the Dutch government in the form of a direct grant will bridge the anticipated financial gap of the project. By showcasing advancements like high current density electrodes and high-pressure hydrogen production, this project aims to contribute significantly to the progress of renewable energy technologies.
Topics
Projects
Renewable Energy
Innovation
Funding
Demonstration
European Commission
State Aid
Electrolyser
Technology Project
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