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22. September, 2022

Sky Hy ambitions – EC approval of multibillion dollar funding for IPCEI hydrogen project

Fuels

On 21 September 2022, the European Commission approved over EUR 5 billion in funds for hydrogen-related projects. The support was approved by the Commission under EU State aid rules and is the second Important Project of Common European Interest (‘IPCEI’) associated with the hydrogen value chain.

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A comparison of the two IPCEI announcements is given below.

The commission found that the IPCEI Hy2Use contributes to a common objective in supporting the Green Deal, REPowerEU plan and the Hydrogen Strategy, with the individual projects that are part of …

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Carbon
EU ETS1, EU ETS2, North American Carbon, GCC
Carbon
EU ETS1, EU ETS2, North American Carbon, GCC
Fuels
Biomethane, Transport fuels
Fuels
Biomethane, Transport fuels
Power Purchase
Agreements (PPAs)
Asset valuation, Deal flow, Market prices
Power Purchase
Agreements (PPAs)
Asset valuation, Deal flow, Market prices
Energy Attribute Certificates (EAC)
GOs, REGOs, Global Certificates
Energy Attribute Certificates (EAC)
GOs, REGOs, Global Certificates

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