European Commission approves €5.4B for 41 projects in hydrogen value chain

The European Commission approved an Important Project of Common European Interest put forward by 15 member states intended to support research, innovation and first industrial deployment in the hydrogen technology value chain.

The Hy2Tech Important Project of Common European Interest, or IPCEI, will involve 41 projects from 35 companies that have activities in member states. The IPCEI will cover hydrogen generation, fuel cells, storage, transportation, distribution and end-user applications, particularly in the mobility sector.

The member states will provide up to €5.4 billion in public funding, which is expected to unlock an additional €8.8 billion in private investments, according to a July 15 news release. The nations participating are Austria, Belgium, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Italy, the Netherlands, Poland, Portugal, Slovakia and Spain.

"With this IPCEI, we see EU hydrogen production moving 'from lab to fab' and our industry turning technological mastery into commercial leadership," European Commissioner for the Internal Market Thierry Breton said in the news release. "And of course, we are not only supporting hydrogen through funding. We have also made decisive progress on building partnerships through the Clean Hydrogen Alliance and are developing EU-wide rules for enabling the hydrogen market and creating dedicated infrastructure."

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