The Spanish Ministry for the Ecological Transition will issue a new call for proposals in the next weeks for a 150 million euro aid package to be given to cutting-edge hydrogen-related initiatives, to which ideas that were excluded because the previous call’s budget was exhausted may be submitted.
After the European Commission authorized the money, the German government set aside EUR 55 million so that Arcelor Mittal could switch its steel manufacturing to green hydrogen produced from renewable sources.
The South Korean steelmaker Posco’s intention to invest $40 billion in the nation’s green hydrogen industry has received preliminary approval from the Australian government, which has referred to the Asian country as a crucial partner in the energy transition.
Economic modeling reveals that larger tax benefits on green hydrogen offered in the United States are endangering Australia’s budding renewable hydrogen industry.
