Sept 22 (LNGJ) - The European Commission has agreed under European Union state aid rules to provide €5.2 billion of public funds to experimental hydrogen projects. The EU development funding of the hydrogen “value chain” will soar year by year and is being paid for by taxpayers in 13 members states, though not including Germany.
The paying nations include LNG importers France, the Netherlands, Belgium, Finland, Greece, Italy, Portugal and Spain. “The Member States will provide up to €5.2 billion in public funding, which is expected to unlock additional €7 billion in private investments,” said the Commission. The cash pay-outs will go to 29 companies, including medium-sized enterprises and start-ups and involves 35 projects.
