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EU approves €45bn green hydrogen lifeline for industry

Source: ft.com

The European Commission has approved €45bn in state aid for 13 green hydrogen projects across Europe.
These projects aim to produce 42.5 million tonnes of renewable hydrogen over 10 years to decarbonise industries.
Approval marks a key step in Europe's push for clean energy independence amid global competition.

The European Commission greenlit state subsidies worth €45bn for 13 large-scale green hydrogen initiatives in countries including Germany, Italy, France and the Netherlands. Green hydrogen - hydrogen produced using renewable electricity - is seen as vital for cutting emissions in hard-to-abate sectors like steel and chemicals. The decision supports Europe's industrial strategy to scale up clean fuels, reduce reliance on imported energy and compete with rivals like the US and China.