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European Commission approves €5.2bn of public support for IPCEI Hy2Use programme
European Commission approves €5.2bn of public support for IPCEI Hy2Use programme

European Commission approves €5.2bn of public support for IPCEI Hy2Use programme

The European Commission on Wednesday (September 21) approved up to €5.2bn ($5.1bn) of public support for the second Important Project of Common European Interest (IPCEI) in the hydrogen value chain.

Dubbed IPCEI Hy2Use, the project was devised and supported by 13 EU member states: Austria, Belgium, Denmark, Finland, France, Greece, Italy, Netherlands, Poland, Portugal, Slovakia, Spain, and Sweden.

As part of the project, the member states will provide up to €5.2bn in public funding which the Commission expects could unlock an additional €7bn ($6.88bn) in private investments.

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