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Corre Energy to receive €20m investment for hydrogen projects development

Corre Energy to receive €20m investment for hydrogen projects development

Corre Energy and the Italian Energy Efficiency Fund II (IEEF) have signed a new long-term agreement today (June 9) that will see further funding for hydrogen-based storage projects in the Netherlands and Denmark.

IEEF will invest up to €20m ($24.4m) in Corre Energy with the funds being used to bring its flagship hydrogen-based storage projects to financial close in both the Netherlands and in Denmark.

This will be used alongside strategic development of the company’s EU project pipeline, integrating renewables and catalysing the green hydrogen economy at scale across Northern Europe in line with the EU emission reduction targets.

Read more: Green Hydrogen Hub Denmark: Explained

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