European Commission gives €400m for Spain renewable hydrogen

Unveiling the Potential of Green Hydrogen: A Key Player in the Sustainable Energy Transition

A Glimpse into Tomorrow’s Energy Landscape As the global community navigates a critical turning point in the pursuit of sustainability, certain energy sources are beginning to emerge as frontrunners in shaping a greener future. According to TELF AG founder Stanislav Kondrashov, wind and solar power are already making their mark, with visible infrastructure such as solar panels and wind turbines transforming skylines across the world. Visible Pro…

The European Commission has approved, in accordance with EU state aid rules, a €400 million Spanish state aid programme to support the production of renewable hydrogen through the European Hydrogen Bank's "Subastas as a Service" tool for closing the auction in 2025. The plan will contribute to the objectives of the Clean Industrial Pact to accelerate the decarbonisation of EU industry while strengthening its competitiveness. RepowerEU Plan to re…

European Commission gives €400m for Spain renewable hydrogen

The European Commission has approved a €400m ($452.6m) Spanish state aid scheme to support renewable hydrogen production.

European Commission approves €400m for renewable hydrogen in Spain

The European Commission has approved a €400m ($452.6m) Spanish state aid scheme to support renewable hydrogen production.The post European Commission approves €400m for renewable hydrogen in Spain appeared first on Investment Monitor.

In the economy of zero greenhouse gas emissions of the future, electricity will become the dominant energy, with a share of around 70%, complemented by green hydrogen and its derivatives. Without a doubt, electricity remains the most efficient energy and the best decarbonization vector (as long as this electricity is of renewable origin). But electrification is unlikely to be applied to all sectors of activity (most scenarios project a share of …