EU Launches Over $5bn Hydrogen Project

The European Commission has approved a $5.4bn hydrogen project jointly funded by 15 EU countries and 35 companies. Hydrogen Industry Leaders looks at how the project will boost the EU’s transition to hydrogen.

Participating companies include the following: Alstom, Daimler Truck, Ansaldo, Bosch, Enel, Fincantieri, Orsted and Plastic Omnium.

While the 15 EU countries that are involved include Austria, Belgium, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Italy, the Netherlands, Poland, Portugal, Slovakia and Spain.

These will take part in 41 projects in the hydrogen scheme focusing on the generation of hydrogen, fuel cells, storage, transportation and distribution of hydrogen and end-user applications, in particular in the mobility sector.

Called IPCEI Hy2Tech, the project aims to attract another 8.8 billion euros in private investments, with products targeted under the program including highly efficient electrode materials, high-performance fuel cells and innovative transport technologies.