The IPCEI scheme allows EU member states to pool state aid and cooperate in a way not allowed under usual state aid rules
EU approves state aid to Hy2tech
Pan-European technology innovation project is first hydrogen IPCEI to gain European Commission approval
The European Commission has approved state aid for Hy2tech, a €14bn ($14bn) hydrogen technology innovation project developed by 35 companies with support from 15 member state governments. Hy2tech is the first hydrogen sector proposal to be approved under the EU’s Important Project of Common European Interest (IPCEI) scheme—which allows member states to pool state aid and cooperate in a way not allowed under the bloc’s usual state aid rules. Hy2tech comprises 41 individual projects spanning hydrogen production, fuel cells, storage, transportation, distribution and end-user applications. Companies involved include Germany’s Daimler Truck, French speciality chemicals company Arkema, Italian pow
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
15 November 2024
Danish electrolyser firm stays focused on US expansion plans amid policy uncertainty in wake of Republican election victory
