Plagazi Receives €29.5 Million Grant for Waste-to-Circular Hydrogen Project
Key Ideas
- Plagazi AB has been awarded a significant €29.5 million grant from the EU Innovation Fund to advance its waste-to-hydrogen project.
- The funding will support the conversion of non-recyclable waste into sustainable hydrogen, aiding in Europe's decarbonization goals.
- Plagazi's selection as one of the grant recipients highlights its vital role in promoting sustainable energy solutions and contributing to a net-zero economy.
- The company aims to leverage the grant to scale its projects, reduce emissions, and drive innovation in hydrogen technologies aligned with EU climate targets.
Plagazi AB, based in Gothenburg, Sweden, has secured a significant milestone by receiving a €29.5 million grant from the EU Innovation Fund for its flagship project in waste-to-circular hydrogen production. Out of 337 applications, Plagazi's pioneering project was chosen as one of only 85 to receive funding, emphasizing the company's critical contribution to Europe's transition towards a net-zero economy. The grant will enable Plagazi to expand its innovative waste-to-hydrogen solutions, playing a key role in reducing reliance on fossil fuels and supporting Europe's decarbonization and circular economy objectives. CEO Soran Shwan expressed pride in the team's hard work and commitment to sustainable energy transition. Plagazi aims to make a lasting environmental impact by recycling non-recyclable waste into sustainable hydrogen, in line with the EU's circular economy goals. The company plans to collaborate with partners to drive groundbreaking results and accelerate the development of hydrogen technologies that align with Europe's climate ambitions. This achievement reinforces Sweden's leadership in sustainable energy innovation and highlights the importance of collaboration and shared vision in achieving sustainability goals.
Topics
Europe
Sustainability
Decarbonization
Waste Management
Energy Innovation
Circular Economy
EU Innovation Fund
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