Browsing: EU

Hamburg's Hydrogen Vision Receives EU Backing

The European Union (EU) has allocated EUR 250 million to hydrogen projects under the Important Project of Common European Interest (IPCEI) scheme, marking a significant milestone in Europe’s transition to clean energy.

The European Commission’s recent announcement regarding its pilot auction for green hydrogen production has stirred considerable excitement within the renewable energy sector. With a whopping 132 bids submitted from projects spanning 17 European countries, the auction has the potential to significantly bolster the EU’s domestic green hydrogen production targets for 2030.