The EU is investing in hydrogen
Three hydrogen projects to receive EU finance
EU Innovation Fund will support up to 60pc of costs
Three large-scale hydrogen projects will receive funding from the EU’s Innovation Fund, which is investing a total of €1.1bn ($1.25bn) in seven projects as part of its latest spending round. The Innovation Fund—financed with proceeds from the EU emissions trading scheme (ETS)—will support up to 60pc of projects’ costs “linked to innovation”. This includes capex and opex for up to ten years. “Today's decision gives concrete support to clean-tech projects across Europe and enables them to scale up game-changing technologies that support and speed up the transition to climate neutrality,” says European Commission executive vice-president Frans Timmermans. €1.1bn – Total size of EU innovat
Also in this section
25 March 2026
The Middle East energy shock has highlighted the value of France’s unique potential to deploy nuclear-powered electrolysers
18 March 2026
The second fossil-fuel price shock in four years can be a much-needed catalyst for investment in the sector
9 March 2026
Hydrogen has not stalled in the UK because the technology does not work. The problem is that the system around it does not yet move at the speed required
4 March 2026
Turmoil in Middle East reminds nascent clean hydrogen sector that its future prospects are dependent on global energy markets and geopolitics
