The European Commission has approved €1.4 billion ($1.5 billion) for hydrogen projects, investing in 13 initiatives under the fourth Important Project of Common European Interest (IPCEI), to advance hydrogen technology in mobility and transport applications.
Image: Guillaume Périgois, Unsplash
The European Commission has approved a fourth IPCEI to support research, innovation and industrial deployment in the hydrogen value chain.
The IPCEI Hy2Move project has been jointly prepared by Estonia, France, Germany, Italy, the Netherlands, Slovakia, and Spain. The member states will provide up to €1.4 billion of public funds, approved by the commission under EU state aid rules, with the potential to unlock an additional €3.3 billion in private investments.
“Hydrogen can support us to move around and transport goods with zero emissions. But investing into hydrogen powered mobility and transport technologies can be risky for one member state or one company alone,” said Margrethe Vestager, executive vice-president in charge of competition policy. “This is where state aid rules for IPCEI have a role to play. The IPCEI Hy2Move is an example of truly ambitious European cooperation for a key common objective. It also shows how competition policy works hand in hand with breakthrough innovation.”
IPCEI Hy2Move follows three other IPCEIs for the hydrogen value chain. The first, Hy2Tech, was approved by the European Commission in July 2022, followed by Hy2Use in September 2022 and Hy2Infra in February 2024.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
