European Commission €900m scheme to support investments in hydrogen production for non-EU countries

The European Commission has approved a new €900m ($1bn) German scheme that aims to support investments in hydrogen production from renewable energy sources.

Unveiled today (Dec 20), the H2Global scheme aims to meet the rising EU demand for hydrogen with it set to increase rapidly in the near future.

With this in mind, the H2Global scheme will support the development of unexploited renewable resource potential outside the EU, running for ten years, and will boost the global hydrogen value chain.

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