The European Commission has selected four Spanish initiatives to be part of the European hydrogen value chain project called ‘PIICE Hy2Tech’ , for which the Member States can grant up to 5,400 million euros of public financing.
The Spanish companies selected by the Community Executive in the category of hydrogen generation have been Sener, Nordex and H2B2 and, on the other hand, Iveco ES in the technology division for end users.
The project has been prepared by Spain and 14 other Member States: Germany, Austria, Belgium, Czech Republic, Denmark, Slovakia, Estonia, Finland, France, Greece, Italy, the Netherlands, Poland and Portugal, in order to support research and innovation and the first industrial use of hydrogen on a Community scale.
The project will have 5,400 million euros of financing, but it is expected that 8,000 million euros of private investment will be mobilized , so that 35 companies operating in one or more EU countries, including SMEs, participate in 41 projects.
“The project approved today is an example of truly ambitious European cooperation to achieve a key common goal,” said the Executive Vice President of the European Commission, Margrethe Vestager.
For his part, the Commissioner for the Internal Market, Thierry Breton, has advocated promoting the development of hydrogen to boost employment and growth throughout Europe. In addition, he has pointed out that it will help drive the green transition of energy-intensive industries and increase independence from fossil fuels.
This initiative seeks to cover the value chain of hydrogen technology, from hydrogen generation to fuel cells, storage or transportation and distribution of hydrogen.
In addition, it is expected to create approximately 20,000 new direct jobs and contribute to important technological advances, such as new high-efficiency electrode materials, more efficient fuel cells, and innovative transportation technologies.