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Home Hydrogen technology European Commission approves €1.4 billion for hydrogen initiatives

European Commission approves €1.4 billion for hydrogen initiatives

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European Commission approves €1.4 billion for hydrogen initiatives

The European Commission has permitted €1.4 billion ($1.5 billion) for hydrogen initiatives, investing in 13 initiatives underneath the fourth Indispensable Venture of General European Ardour (IPCEI), to come hydrogen technology in mobility and transport applications.

Image: Guillaume Périgois, Unsplash

The European Commission has permitted a fourth IPCEI to enhance compare, innovation and industrial deployment within the hydrogen price chain.

The IPCEI Hy2Move challenge has been jointly willing by Estonia, France, Germany, Italy, the Netherlands, Slovakia, and Spain. The member states will present up to €1.4 billion of public funds, permitted by the commission underneath EU reveal again principles, with the likely to release an extra €3.3 billion in personal investments.

“Hydrogen can enhance us to switch spherical and transport items with zero emissions. But investing into hydrogen powered mobility and transport applied sciences will also merely even be unstable for one member reveal or one company on my own,” mentioned Margrethe Vestager, govt vice-president to blame of opponents coverage. “Right here’s the put reveal again principles for IPCEI fetch a unbiased to play. The IPCEI Hy2Move is an example of in fact ambitious European cooperation for a key frequent draw. It also reveals how opponents coverage works hand in hand with step forward innovation.”

IPCEI Hy2Move follows three other IPCEIs for the hydrogen price chain. The main, Hy2Tech, changed into as soon as permitted by the European Commission in July 2022, followed by Hy2Use in September 2022 and Hy2Infra in February 2024.

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