Green hydrogen projects get another $5.2B from EU

The European Commission has approved the additional funding to advance clean H2.The EU has already been building a massively competitive portfolio of green hydrogen projects and has now added an additional $5.2 billion in funding to boost and accelerate that effort.The region has been establishing a number of substantial clean H2 plants with plans to develop its market.The EU has been pushing forward with green hydrogen projects to help them to get off the ground and establish a healthy H2 economy. At the core of its effort include massive funding and enhanced policies for the production of renewable H2, which are expected to further grow the sector. Still, the International Energy Agency (IEA) maintains skepticism regarding the EU’s ambitious 2030 hydrogen targets.The European Commission (EC) has now given its approval to another $5.2 billion in funding for renewable H2-based…

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