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.

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