The Hydrogen Council has today signed a landmark agreement with one of the world’s largest providers of climate finance – the European Investment Bank (EIB) – to collaborate on the development of innovative schemes to finance hydrogen projects to address climate change.
Signed at the International Energy Agency’s (IEA) 2019 Ministerial side event on hydrogen, this partnership will be delivered through the InnovFin Advisory programme – a programme supported by the European Commission to advise companies to structure their R&I projects in order to improve their access to finance.
EIB will provide strategic financial advice and support to companies preparing to deploy large-scale hydrogen projects, making such solutions more readily available to consumers around the world.
Pierre-Etienne Franc, Hydrogen Council Co-Secretary and Vice-President of the Hydrogen Energy World Business Line at Air Liquide, commented, “This collaboration agreement signals to the market that a major shift is about to take place.”
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