Under EU state aid rules, the European Commission has approved a €170 million Danish scheme to support the production of renewable hydrogen through Power-to-X (PtX) technologies.
According to the Commission, the measure aims to contribute to the development of renewable hydrogen in line with the objectives of the EU Hydrogen Strategy and the European Green Deal.
In addition to this, the scheme will also contribute to the objectives of the REPowerEU plan to end dependence on Russian fossil fuels and fast forward the green transition.
It is expected that the scheme will support the upscaling of the production of renewable hydrogen and derivatives, such as renewables-based ammonia, methanol, and e-Kerosene, using PtX technologies.
Also, it is expected that the scheme will support the construction of up to 100-200 MW of electrolysis capacity and will contribute to Denmark’s efforts to reduce its GHG emissions by 70 per cent by 2030, compared to the 1990 level, and to reach carbon neutrality by 2050.
This will help the EU reach its 2030 target for renewable energy production, with the Commission proposing an increase to 45 per cent.