The European Commission has approved 24 German projects as part of the Important Project of Common European Interest (IPCEI) Hydrogen program, the Federal Ministry for Economic Affairs and Climate Action economy said on 15 February.
The projects submitted by Germany are part of the so-called “infrastructure wave” (Hy2Infra) of the IPCEI Hydrogen, which includes a total of 33 projects from several EU Member States that have received joint approval under State aid law.
Now that approval on EU level has been granted, Germany will swiftly issue the relevant funding approval notices. The greenlight from the Commission is an important milestone for the Federal Ministry for Economic Affairs and Climate Action in its efforts to ramp up Germany’s hydrogen economy and develop the hydrogen value chain in Europe as a whole. The Federal Government and the respective federal states have earmarked around €4.6 billion in funding for Germany’s IPCEI Hydrogen infrastructure projects.
German companies will invest around €3.4 billion of private funds in the 24 projects within the Hy2Infra wave.
Image of EC
Press release https://shorturl.at/cgxC7
