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62 German hydrogen projects set to receive part of €8bn IPCEI fund

62 German hydrogen projects set to receive part of €8bn IPCEI fund

The German Federal Ministry for Economic Affairs (BMWi) and Energy and Ministry of Transport (BMVI) will help fund 62 large-scale hydrogen projects as part of the Important Projects of Common European Interest (IPCEI) scheme.

The overall funding for these projects total around €8bn ($9.7bn) with hopes to trigger investments totalling €33bn ($44bn).

The projects have been selected from over 230 projects, represent the entire value chain of the hydrogen market.

In the BMWi department, 50 projects are included in the funding and feature hydrogen generation plants that total more than 2GW of electrolysis capacity.

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