Europe approves another €1.4 billion in aid for hydrogen

Stockage H2 blanc

The European Commission has approved, under EU state aid rules, Hy2Move, a fourth Important Project of Common European Interest (IPCEI) to support research, innovation and early industrial deployment in the hydrogen value chain.

The Hy2Move IPCEI has been prepared by seven Member States: Estonia, France, Germany, Italy, the Netherlands, Slovakia and Spain. They will provide up to €1.4 billion in public funding, which should leverage a further €3.3 billion in private investment. Under this IPCEI, 11 companies operating in one or more Member States, including small and medium-sized enterprises (SMEs) and start-ups, will undertake 13 innovative projects. This could lead to 6,500 new jobs by 2031.


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