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Two European hydrogen projects to be boosted by €1.1bn Innovation Fund
Two European hydrogen projects to be boosted by €1.1bn Innovation Fund

Two European hydrogen projects to be boosted by €1.1bn Innovation Fund

The European Commission has said it will support two breakthrough hydrogen projects as part of a newly announced €1.1bn ($1.2bn) Innovation Fund that aims to decarbonise energy-intensive industries.

Focusing on technologies such as hydrogen, carbon capture, use and storage and renewable energy, the projects each convinced independent experts that they can more successfully reduce greenhouse gas emissions compared to conventional technologies used today.

Sweden is home to the first hydrogen project selected to benefit from the funds. Through using renewable hydrogen in Gällivare and Oxelösund, the project hopes to eliminate carbon emissions from steel production.

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