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Portugal among 7 EU states investing 6.9 B in green hydrogen


Portugal among 7 EU states investing 6.9 B in green hydrogen - portugal news
Portugal among 7 EU states investing 6.9 B in green hydrogen - Portugal Business News





Portugal renewable energy news - Portugal is among 7 EU Member States that are investing 6.9 billion euros in green hydrogen projects.

 

The EU Commission has given the green light to 7 countries for investment in Projects of Common European Interest (IPCEI) in the field of green hydrogen.   

 

The EU green hydrogen infrastructure, that will include Portugal, France, Germany, Italy, the Netherlands, Poland, and Slovakia, will lead to the implementation of the IPCEI Hy2Infra EU green hydrogen project.

 

The use of public funds amounting to 6.9 billion euros is expected to unlock private investment of around 5.4 billion euros. In Portugal, the EU hydrogen infrastructure will include Fusion Fuel and Winpower that have received funding for developing electrolysers, while a total of 32 companies are expected to be part of the project at the EU level.

 

The EU hydrogen backbone will include the installation of 3.2 gigawatts of large-scale electrolyzers that will be linked to a hydrogen distribution network of 2,700 kilometers as well as storage facilities with a capacity of 370 GWh. Moreover, relevant participating countries will build port terminals that will distribute liquefied renewable hydrogen that is expected to amount to 6,000 tons of hydrogen per year.

 

The EU green hydrogen distribution network is expected to be operational by 2027, while the completion is expected to be in 2029. With the successful completion of the EU green hydrogen network, the EU will boost its access to renewable hydrogen while reducing its dependence on natural gas, thus achieving its renewable energy goals under the European Green Deal and the REPowerEU plan.  

 

Portugal has included the IPCEI Hy2Infra project in its Recovery and Resilience Plan and can thus provide partial funding to support the development of an innovative and sustainable European green hydrogen industry.  





 

 

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