EU Commission approves €6 billion Italian State aid scheme for renewable hydrogen

EU Commission approves €6 billion Italian State aid scheme for renewable hydrogen

EU Commission approves €6 billion Italian State aid scheme for renewable hydrogen The European Commission has approved, under EU State aid rules, a €6 billion Italian scheme to support the production of renewable hydrogen for the transport and industrial sectors. The scheme will contribute to the development of renewable hydrogen production capacity in line with the objectives of the EU Hydrogen Strategy and the Clean Industrial Deal. The Italia…

EU approves €6bn to scale Italian renewable hydrogen production

EU approves €6bn Italian scheme to boost renewable hydrogen production and accelerate clean hydrogen use in industry and transport.

H2-View News: Italy’s €6bn green hydrogen subsidy scheme approved by European Commission

The scheme, aimed at supporting 200,000 tonnes of green hydrogen production per year, will offer two-way contracts for difference to subsidise production costs. Producers would be offered a strike price through a competitive bidding process, where they would be paid the difference between consumer costs and the strike price. If the hydrogen prices exceed the