Italian Ministry Grants De Nora Hydrogen Technologies €31M Funding for Gigafactory Project
Key Ideas
- The Ministry of Enterprise and Made in Italy has awarded De Nora Italy Hydrogen Technologies €31 million for the Gigafactory project, expanding on previous funding.
- The funding supports the joint venture between DNIHT and Snam S.p.A. for the Italian Gigafactory project.
- An extension of 12 months has been granted for the completion of the IPCEI Hydrogen 1 project, pushing the deadline to December 2026.
- This initiative contributes to the growth of hydrogen technologies and infrastructure in Italy, promoting sustainable energy solutions.
The Ministry of Enterprise and Made in Italy has granted De Nora Italy Hydrogen Technologies an additional €31 million in public funding for the Gigafactory project as part of the IPCEI scheme. This funding supplements the support previously provided under the Decree of July 3, 2023, furthering the development of hydrogen technologies. The Ministry also approved a 12-month extension for the project's completion, offering more time until December 2026. This initiative emphasizes collaboration, with DNIHT and Snam S.p.A. working together on the Italian Gigafactory project. The joint venture aims to advance the production of hydrogen technologies and infrastructure, facilitating sustainable energy solutions. Overall, the funding and extension signify a positive step towards enhancing the hydrogen market and promoting innovation within the industry.