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The European Commission announced on Thursday its approval of €6.9 billion ($7.4 billion) in state aid for infrastructure initiatives aimed at bolstering the supply of renewable hydrogen. This funding, allocated by seven member states, is anticipated to catalyse an additional €5.4 billion in private investments, with the participation of 32 companies across 33 projects.
The approved projects will play a pivotal role in advancing the deployment of large-scale electrolysers for renewable hydrogen production and the establishment of pipelines for its transportation. Additionally, the funding will facilitate the development of extensive hydrogen storage facilities, along with the construction of handling terminals and port infrastructure tailored to accommodate liquid hydrogen carriers.
European Commissioner Margrethe Vestager underscored the significance of these initiatives, emphasising their role in establishing the initial regional infrastructure clusters within multiple member states. Furthermore, they are poised to pave the way for future interconnections across Europe, aligning with the objectives outlined in the European Hydrogen Strategy.
The endorsement of this aid, provided by France, Germany, Italy, the Netherlands, Poland, Portugal, and Slovakia, marks the third instance of a 'significant project of common European interest' dedicated to hydrogen. These collaborative endeavours signify a concerted effort by EU member states to accelerate the transition towards a sustainable and decarbonised energy landscape while fostering innovation and economic growth in the burgeoning hydrogen sector.
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