Part of a hydrogen-powered train photographed in Germany on Aug. 24, 2022. European Commission President Ursula von der Leyen expressed support for hydrogen during her State of the Union address on Sept. 14Carmen Jaspersen | AFP | Getty ImagesThe European Commission on Wednesday approved up to 5.2 billion euros (roughly $5.2 billion) in public funding for hydrogen projects, a move it said could unlock a further 7 billion euros of investments from the private sector.The executive arm of the EU said the bloc’s flagship project to support the research, deployment and construction of hydrogen infrastructure, referred to as IPCEI Hy2Use, had been prepared by 13 member states that will supply the public funding.According to the commission, IPCEI Hy2Use will see 29 businesses participate in 35 projects.The commission said IPCEI Hy2Use would support the construction of “large-scale…
EU approves up to $5.2 billion in public funding for hydrogen projects
