European and Japanese Initiatives Drive Renewable Hydrogen Investments
Key Ideas
  • The European Commission allocates €992 million to 15 renewable hydrogen projects, aiming at producing 2.2 million tons of hydrogen across five countries.
  • Japan agrees to subsidize hydrogen fuel cell trucks and buses, with a subsidy set at $4.80/kg, and initiates a CfD program for clean hydrogen.
  • Infinium selects Electric Hydrogen's 100 MW solution for its eFuels facility in Texas, aiming to reduce hydrogen project costs by up to 60%.
  • KK Wind Solutions to supply 10 power supply units for Sunfire's 100 MW electrolyzer after successful delivery of units for a pilot electrolyzer in 2023.
The European Commission has chosen 15 renewable hydrogen projects across the European Economic Area (EEA) for a total of €992 million in EU public funding. These projects, spread across Spain, Norway, Germany, Finland, and the Netherlands, are expected to collectively produce approximately 2.2 million tons of renewable hydrogen over the next decade. The funds, sourced from the Innovation Fund under the EU Emissions Trading System, aim to promote sustainable hydrogen production. Concurrently, the Japanese government has announced subsidies for hydrogen fuel cell trucks and buses in six prefectures, setting the subsidy at $4.80/kg. Additionally, Japan's CfD program for clean hydrogen has seen high demand, with project selection anticipated to start in the latter part of the fiscal year. At the World Hydrogen Summit in Rotterdam, Japanese and German officials convened to discuss strategies to boost hydrogen demand and secure financing. Moreover, Infinium has opted for Electric Hydrogen's 100 MW solution for its eFuels facility in Texas, highlighting the potential for significant cost reductions in hydrogen projects. KK Wind Solutions is also contributing to the green hydrogen sector by supplying 10 power supply units for Sunfire's 100 MW electrolyzer, building on their successful partnership in a pilot project in 2023. This collaborative effort between European and Japanese entities indicates a positive trend towards enhancing renewable hydrogen infrastructure and technology.
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