EU Innovation Fund Boosts Hydrogen: €4.8 Billion for 85 Projects
Key Ideas
  • The EU Innovation Fund has allocated €4.8 billion to 85 hydrogen projects, marking the largest funding initiative to date and a major step towards decarbonisation goals.
  • Hydrogen Europe CEO praises the European Commission for its commitment to supporting hydrogen technologies, with a focus on increasing clean energy infrastructure and electrolyser capacity.
  • The funded projects include a variety of hydrogen technologies such as PEM electrolysers, fuel cells, and storage solutions, aiming to generate 9.3 GW of electrolyser capacity and 61 kilotonnes of RFNBO hydrogen annually.
  • The distribution of projects spans across several European countries, with Belgium, Germany, Spain, and France among the recipients, showcasing the widespread adoption of hydrogen initiatives.
The EU Innovation Fund has recently granted a substantial allocation of €4.8 billion to 85 innovative hydrogen projects, representing the largest funding initiative since its establishment in 2020. This significant investment, totaling €12 billion in overall support, highlights the EU's commitment to advancing decarbonisation goals. Jorgo Chatzimarkakis, CEO of Hydrogen Europe, expressed enthusiasm for the European Commission's dedication to supporting hydrogen technologies, emphasizing the pivotal role they play in the clean energy transition. The projects funded cover a wide range of hydrogen technologies, including PEM electrolysers, fuel cells, and hydrogen storage, with a total aim of generating 9.3 GW of electrolyser capacity and 61 kilotonnes of RFNBO hydrogen annually. These initiatives will contribute significantly to enhancing Europe's clean energy infrastructure and boosting the competitiveness of the clean tech industry. The selected projects are spread across various European countries, with Belgium, Germany, Spain, and France among the recipients. The funding allocation underlines the growing importance of hydrogen in achieving sustainable energy goals and reducing carbon emissions. The EU Innovation Fund's commitment to supporting hydrogen-related initiatives is a positive step towards a more sustainable and environmentally friendly future.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2024 AdvanceH2, LLC. All rights reserved.