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EU Council weakens hydrogen targets
Council agrees non-binding goals for renewable fuels of non-biological origin in transport and industry
Australia can meet EU hydrogen import target – taskforce
But transporting sufficient green hydrogen supplies between the two will require significant expansion of export and import infrastructure, report says
EU’s war response can ‘supercharge’ hydrogen investment – IEA
RepowerEU targets imply extra $1.3tn of investment as Russia’s invasion of Ukraine gives sector’s momentum a major boost, the agency says
War adds impetus to Europe’s gas decarbonisation
Gas businesses have embraced the acceleration of decarbonisation prompted by the Ukraine war but are concerned about the feasibility of new targets—especially for hydrogen
No quick path to FID for Europe’s green hydrogen projects
Multiple proposals but few final investment decisions amid policy uncertainty and other risks, conference speakers say
Hydrogen deployment must triple to reach net zero – DNV
Green hydrogen costs will fall significantly towards 2050 to $1.5/kg but more must be done, says research agency
Protium raises £40.5mn in funding round
Cash will allow the firm to accelerate its portfolio of green hydrogen projects and support the development of its in-house digital capabilities
US gives hydrogen a policy push
Loan guarantees, use of the Defense Production Act and hub funding all form part of White House deployment strategy
Hydrogen needs $133bn/yr under 1.5°C scenario – Irena
Hydrogen and its derivatives will contribute 10pc of total emissions reductions by 2050, agency says
Green hydrogen projects to grow rapidly
Wood Mackenzie estimates the global hydrogen project pipeline is 64mn t/yr, with green hydrogen making up 60mn t/yr of that
Pierre-Etienne Franc, CEO of Hy24
EU Financing Project finance
Stuart Penson
20 May 2022
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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

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