Elcogen secures €24.9 million grant from EU Innovation Fund to advance green hydrogen production
Published by Poppy Clements,
Assistant Editor
Global Hydrogen Review,
The Innovation Fund is one of the world’s largest programmes dedicated to supporting innovative low-carbon technologies, selecting 85 projects to award €4.8 billion in 2024. Through the development of clean technologies, these projects aim to reduce greenhouse gas emissions by 476 million t of CO2 over 10 years.
Projects were assessed across areas including CAPEX, scale and focus, and included initiatives in cleantech manufacturing (component manufacturing for renewable energy, energy storage, heat pumps and hydrogen production) and projects focused on decarbonisation.
Enn Õunpuu, CEO, Elcogen, said: “We are honoured to receive this recognition and support from the EU. This grant is a testament to the EU’s commitment to fostering a competitive green hydrogen production value chain across Europe, highlighting the importance of scaling up in order to meet the energy transition demands we face.”
Stefano Piscitelli, COO, Elcogen, added: “This award underlines Elcogen’s key role as a provider of efficient, affordable green hydrogen and highlights the impact our state-of-the-art facility will have on Europe’s green energy transition. Our team has worked extensively to advance technologies that will drive sustainable energy solutions, and this grant supports us in our journey.”
Read the article online at: https://www.globalhydrogenreview.com/hydrogen/11112024/elcogen-secures-249-million-grant-from-eu-innovation-fund-to-advance-green-hydrogen-production/
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