The European Union Supports Hydrogen

Partagez:

The European Union is going to finance renewable hydrogen in a project led by the Enel Green Power and Saras groups. Located in Sardinia, it will benefit from public funding within the framework of the IPCEI Hy2Use. The initiative supports the best hydrogen-related projects.

A European financing mechanism

The European Union formalizes its second project under the Important Projects of Common European Interest (IPCEI). Called “IPCEI Hy2Use”, it allows states to fund projects beyond the limits set by legislation. With €5.2 billion in public funding, this project involves 13 Member States and the European Union.

The European Union wants to support 35 projects planned by 29 companies, including Italy. Thus, four Italian companies admitted will receive a total of €500 million. The selected projects concern hydrogen infrastructure, a segment in which Enel Green Power and Saras operate.

SardHy Green Hydrogen wins funding

Born from a joint project between Enel Green Power and Saras, SardHy Green Hydrogen obtains funding from the European Union. The initiative should see the company install a 20 MW electrolyser on the Sarroch industrial site. The facility, powered exclusively by Enel Green Power’s renewable energy, will be used to produce renewable hydrogen for the Saras refinery.

The objective is to reduce the carbon footprint in the various refining processes. For Salvatore Bernabei, CEO of Enel Green Power, obtaining EU funding is a good indicator:

“While being listed as a recipient of European Union funds is always a source of pride, being one of the recipients of IPCEI Hy2Use support confirms that the path we are following is the right one.”

Thus, as the energy crisis continues to plague the European Union, investing in renewable hydrogen seems to be a serious option.

  • Populaires ​
Burundi Inaugurates Major $320 Million Hydroelectric Power Plant
France: Générale du Solaire inaugurates 20 MWc floating solar plant in Alsace
Chevron and Energy Transfer Expand Their LNG Agreement at Lake Charles
Global small-scale LNG market to reach $31.78bn by 2030
BrightNight launches 300 MW solar plant in Arizona with Cordelio Power
Lhyfe obtains the first European RFNBO certification for green hydrogen in France
Lhyfe becomes the first French producer to obtain European RFNBO certification, delivering the first batches of certified hydrogen and opening access to new support mechanisms for the industrial sector.
Finland: TES and CPC launch 500 MW e-NG project
Tree Energy Solutions and CPC Finland will produce 125,000 tonnes annually of e-NG at the Finnish port of Rauma, targeting European and international markets with a significant investment.
EU funds €3.5mn cross-border hydrogen infrastructure project
The European Commission grants €3.5mn to support preparatory work for a Franco-German cross-border network aimed at transporting hydrogen between the Grand Est region and Baden-Württemberg starting in 2029.
McPhy Energy faces judicial liquidation after reviewing submitted offers
French company McPhy Energy awaits a court decision regarding offers submitted during its judicial reorganization, paving the way for probable liquidation and potential delisting of its shares.
HyVera launches hydrogen on demand and plans two production sites
The majority-Indigenous-owned Canadian manufacturer HyVera Distributed Energy is introducing an eCat pellet that instantly produces ultra-pure green hydrogen without external electricity and is counting on two pilot plants to simplify industrial supply.
Underground Hydrogen Storage: High Costs and Technical Challenges Hamper Growth
Underground hydrogen storage, essential to support its growth, continues to face significantly higher costs than natural gas storage, along with major technical challenges hindering its competitiveness against conventional energies.
Hydrexia and Samator join forces for the Indonesian hydrogen market
Singapore-based hydrogen specialist Hydrexia seals a protocol with Indonesian gas giant Samator to deploy purification, transport and storage of hydrogen, betting on rapidly growing local demand and export outlets to the Asia-Pacific region.
Cadiz signs with Hoku Energy and targets $10mn annual revenues in California
Cadiz Inc. signs a memorandum of understanding with British company Hoku Energy for a large-scale energy project including green hydrogen, solar power, and digital infrastructure in the Californian desert, projecting annual revenues of up to $10mn.
BP suspends blue hydrogen project at Whiting, Midwest future uncertain
BP indefinitely halts its blue hydrogen project at the Whiting refinery in Indiana, raising questions about the future of federal funding and the impact on regional plans for a decarbonized hydrogen sector in the United States.
ORLEN Group secures €382 million for its hydrogen projects
The Polish energy group ORLEN receives a non-repayable grant of €382 million from the National Recovery Plan to finance its renewable and low-emission hydrogen production initiatives.
Georgia Power validates 50% hydrogen blend on gas turbine
Georgia Power and Mitsubishi Power announce successful completion of an unprecedented test incorporating 50% hydrogen into an advanced gas turbine, reducing CO2 emissions by 22% compared to natural gas alone.
Neoenergia begins construction of BRL30mn green hydrogen unit in Brazil
Neoenergia has begun construction of one of Brazil's first green hydrogen plants, aimed at supplying heavy and light vehicles, with an investment exceeding 30 million Brazilian reais ($5.99mn).
South Africa: 37mn USD fund boosts green hydrogen
The SA-H2 fund, supported by international partnerships and local institutional backing, mobilises 37 million USD to develop export-oriented green hydrogen from South Africa, with an initial concrete project announced.
Turbotech validates hydrogen turboprop using Ansys simulation
Turbotech reports successful combustion testing of a hydrogen turboprop, developed through digital simulation with Ansys, marking an industrial milestone in light aircraft using alternative fuel.
France Hydrogène challenges budgetary recommendations from the Cour des Comptes
France Hydrogène responds to the Cour des Comptes report published on June 5, criticising an incomplete reading of updated targets and the economic impacts of decarbonised hydrogen development.
McPhy placed under judicial reorganisation and postpones its general meeting
The Belfort Commercial Court has opened a judicial reorganisation procedure for McPhy, while a renewed call for tenders for its asset sale is now set to close on 13 June.
Plug Power CFO buys 650,000 shares to reinforce his position
Plug Power CFO Paul Middleton acquired 650,000 shares on the market, affirming his support for the long-term strategy of the hydrogen-focused company.
Canada injects $467,000 to boost hydrogen exports from British Columbia
The Canadian government is funding an initiative to support 40 SMEs in British Columbia’s hydrogen sector, aiming to increase foreign investment and expand international market share.
CWP Global suspends $40 billion hydrogen project in Mauritania due to lack of buyers
Developer CWP Global has paused its $40 billion AMAN project in Mauritania due to a lack of buyers for green ammonia despite favourable local conditions.
Only 2.1% of African green hydrogen sites deemed competitive for export to Europe
A study reveals that the profitability of African green hydrogen exports to the European Union depends on political support from Europe, despite the abundance of ongoing projects on the continent.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS