Germany’s €2.2bn ($2.4bn) plans to decarbonise industry with green hydrogen and electrification have been approved by the European Commission.
Approved under the EU’s state aid rules, the €2.2bn support package will be offered as direct grants to companies looking to electrify industrial processes or offset fossil fuel use with renewable hydrogen or its derivatives.
Eligible projects must be able to reduce greenhouse gas (GHG) emissions from production projects by at least 40% from today’s levels, with €200m ($215m) up for grabs per beneficiary.
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