Green Hydrogen NewsGreen Hydrogen News
    LinkedIn X (Twitter) YouTube Facebook
    Trending
    • Friday
    • TritenIAG Supports Green Hydrogen Project Nujio’qonik
    • APEX Conducts Feasibility Study for H2 Alliance Osnabrück
    • Canada’s Researchers See Ammonia as Bridge to Green Hydrogen Future
    • Kazakhstan Signs Framework Agreement for Hydrogen Locomotives and Engineering Centre
    • West Africa’s Journey Towards Green Hydrogen
    • France Allocates €700 Million to Support Hydrogen Production in 2024
    • Ecoinversol, Campillo Palmera, and Alpiq Join Forces for Hydrogen Transformation
    LinkedIn X (Twitter) YouTube Facebook
    Green Hydrogen NewsGreen Hydrogen News
    • NEWS
      • Authorities
      • Blitz
      • Breaking News
      • Finance
      • Jobs
      • H2 Plant
      • Politics
      • Press Release
      • Sponsored
      • Stock
      • Tenders
      • Video
    • HYDROGEN
      • Aviation
      • Electrolyzers
      • Fuel Cells
      • Green Hydrogen
      • Hydrail
      • Innovation
      • Pipelines
      • Projects
      • Stations
      • Storage
      • Technology
      • Vehicles
    • SPOTLIGHT
      • Analysis
      • Interviews
      • Podcast
      • Research
      • Reviews
      • Specials
      • Webinars
    • REGIONAL
      • Africa
      • Americas
      • Asia
      • Europe
      • Middle east
      • Pacific
    • CONTACT
    • ADVERTIZE
    • SUBSCRIBE
    Green Hydrogen NewsGreen Hydrogen News
    Home Home - Finance
    portugal green hydrogen

    Portugal’s Green Hydrogen Gains Momentum with €90 Million Investment

    Arnes BiogradlijaBy Arnes Biogradlija18/08/20232 Mins Read
    Share
    LinkedIn Twitter Facebook Email WhatsApp Telegram

    Around €90 million is set to be injected into green hydrogen projects, predominantly in Portugal’s Centre region. The announcement comes as FI Group Portugal unveiled its support for six applications submitted under the government’s initiative to subsidize green hydrogen production projects.

    In a press release, FI Group Portugal highlighted that these six applications would receive a total investment of €90,555,270. This substantial funding represents more than 15% of the selected initiatives earmarked for public funding, emphasizing the pivotal role these projects will play in driving clean energy adoption.

    The Centre region of Portugal is poised to be a major beneficiary of this investment, tapping into its potential for fostering projects focused on clean energy production. This move aligns with the nation’s broader ambition to achieve carbon neutrality and promote the energy transition by prioritizing renewable energy sources like hydrogen.

    The supported initiatives are integral to the REPowerEU program, a European Commission proposal aimed at bolstering the EU’s energy independence, particularly in response to geopolitical challenges impacting energy supply.

    The overarching objective of these projects is to accelerate the journey toward carbon neutrality by emphasizing the production of hydrogen and other renewable gases. Helena Amador, the team leader at FI Group Portugal, emphasized the alignment of these projects with Portugal’s updated National Energy and Climate Plan for 2030, which has raised the green hydrogen production capacity target from 2.5 GW to 5.5 GW.

    Amador also underscored the collaborative vision of Portugal and Spain, aiming to establish the Iberian Peninsula as a leader in green hydrogen production within Europe in the long term.

    The journey towards a hydrogen-based future involves diverse hydrogen “colors.” Green hydrogen, considered the pinnacle of eco-friendliness, is generated through the electrolysis of water using surplus renewable energy sources. On the spectrum, blue hydrogen, derived mainly from natural gas using steam reforming, presents an alternative while capturing the by-product of carbon dioxide.

    Grey hydrogen, produced from natural gas without carbon capture, stands in contrast to the environmentally damaging black and brown hydrogen that relies on coal-based processes. Pink hydrogen, also known as purple or red hydrogen, emerges through electrolysis powered by nuclear energy.

    As Portugal advances its green hydrogen projects, the nation is positioning itself at the forefront of the global energy transition, embracing innovative solutions to ensure a sustainable and cleaner future for generations to come.

    green hydrogen hydrogen
    Share. LinkedIn Twitter Facebook Email

    Related Posts

    Thursday hydrogen

    Friday

    29/09/2023
    TritenIAG Supports Green Hydrogen Project Nujio'qonik

    TritenIAG Supports Green Hydrogen Project Nujio’qonik

    28/09/2023
    egypt

    APEX Conducts Feasibility Study for H2 Alliance Osnabrück

    28/09/2023
    hydrogen

    Canada’s Researchers See Ammonia as Bridge to Green Hydrogen Future

    28/09/2023
    hydrail

    Kazakhstan Signs Framework Agreement for Hydrogen Locomotives and Engineering Centre

    28/09/2023
    green hydrogen

    West Africa’s Journey Towards Green Hydrogen

    28/09/2023
    Thursday hydrogen

    Friday

    29/09/2023
    TritenIAG Supports Green Hydrogen Project Nujio'qonik

    TritenIAG Supports Green Hydrogen Project Nujio’qonik

    28/09/2023
    egypt

    APEX Conducts Feasibility Study for H2 Alliance Osnabrück

    28/09/2023
    hydrogen

    Canada’s Researchers See Ammonia as Bridge to Green Hydrogen Future

    28/09/2023

    Subscribe to Updates

    Get the latest news from the hydrogen market subscribe to our newsletter.

    Final Transparent Green Logo (horizontal)-desktop version (RGB)
    LinkedIn X (Twitter) Facebook YouTube

    News

    • Inteviews
    • Webinars
    • Hydrogen
    • Spotlight
    • Regional

    Company

    • Information
    • Advertising
    • Media Kits
    • Contact Info
    • GDPR Policy

    Subscriptions

    • Subscribe
    • Newsletters
    • Sponsored News

    Subscribe to Updates

    Get the latest news from EnergyNewsBiz about hydrogen.

    © 2023 EnergyNews.biz
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version