Pierre-Etienne Franc, CEO of Hy24
EU hydrogen growth stalls on state aid delays
European Commission must accelerate IPCEI approval process to get on track to meet 2030 targets, CEO of leading hydrogen fund Hy24 tells Hydrogen Economist
European Commission delays in granting state aid approval for EU clean hydrogen projects threaten to derail the bloc’s attempt to meet its 2030 targets on expanding production of the fuel, according to Hy24, the world’s largest pure-play hydrogen infrastructure fund. Dozens of projects put forward by member states to receive state aid under a derogation of the EU’s Important Projects of Common European Interest (IPCEI) scheme have stalled because they are waiting for clearance by the Commission to receive the funds, says Pierre-Etienne Franc, CEO of Hy24. “It is absolutely critical now for the IPCEI derogation to be enacted,” he tells Hydrogen Economist. “All the projects have stalled. The l
Also in this section
23 January 2025
Russia, Poland and Romania are the biggest players when it comes to hydrogen projects in the region
23 January 2025
The UK leads Western Europe in terms of active hydrogen project market share, but developments are planned across Italy, Spain, Portugal, the Netherlands and the Nordic countries
23 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
21 January 2025
The new president must put his cards on the table and tell the American people, and the world, if the US is formally abandoning the energy transition
