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French government earmarks €4 bln for low-carbon hydrogen

The French government will release €4 billion in subsidies in the form of public-private contracts for the development of low-carbon hydrogen projects as part of the country’s updated national hydrogen strategy, the Euractive reported.

France has now put its strategy out in the open, with its government announcing on Monday that it would adopt a decree in the coming weeks, releasing a €4 billion cheque to subsidise the development of low-carbon hydrogen production capacity as part of the €9 billion in public support announced at the end of 2020.

This decree aims to support several projects with a total capacity of 1 gigawatt (GW), or around 140,000 tonnes of production per year, according to Maxime Sagot, head of hydrogen public and regulatory affairs at Electricité de France (EDF), the French state-owned power utility.

The first electrolyser is expected in 2026.

Source https://is.gd/svzJSh

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