News IPCEI

The EU Innovation Fund has awarded grant allocation of €4.8 billion to 85 innovative projects, with hydrogen projects making up one third of total awards. This significant funding initiative marks the largest allocation since the fund’s inception in 2020, increasing the overall support to €12 billion and expanding the number of projects by 70%.

Derived from data collected up to September 2024, various datasets are updated with the latest available data, such as and among many others, the hydrogen production and hydrogen demand datasets. Moreover, some dashboards have also been improved, allowing for more user-friendly exploration and availability of multi-year data.

The German government has allocated €2.8bn ($3bn) in funding to accelerate decarbonisation efforts, with up to five hydrogen-based projects expected to receive a share of the support.

The International Energy Agency (IEA) published its Global Hydrogen Review 2024, an annual publication which tracks hydrogen production and demand worldwide, as well as progress in critical areas such as infrastructure
development, trade, policy, regulation, investments, and innovation.

Hydrogen Council today releases its latest report Hydrogen Insights 2024 which highlights the global clean hydrogen project pipeline is growing and maturing, with a seven-fold increase in committed capital for projects reaching final investment decision (FID) in the past four years.

The production of renewable-based hydrogen and its derivatives holds immense economic potential, particularly in areas with high renewable potential, water resources, land availability and low finance costs.

With the adoption of Directive (EU) 2023/2413 (RED III), the EU is stepping up efforts to cut dependence on fossil fuels. The directive sets new, ambitious targets for renewable fuels of non-biological origin (RFNBO) across industry, with an important deadline for Member States to transpose this into national law by May 21, 2025.

Hycamite TCD Technologies has opened Europe’s largest methane-splitting plant in Finland.

Federal Minister for Economic Affairs and Climate Action Robert Habeck, Lower Saxony’s Minister President Stephan Weil as well as Lower Saxony’s Minister for the Environment, Energy and Climate Protection were present when RWE commissioned its pilot electrolyser plant in Lingen.

RE firm Greenstat has begun the construction of its 20 MW green hydrogen production facility at Fiskå in Rogaland county, Norway. The upcoming plant is part of the Agder Hydrogen Hub in Kristiansand that the company is bullish about. The construction is expected to take two years to complete.