European Commission approves €3 billion German state aid to support hydrogen transmission
Sustainability Economics
E2E AUTOMATION AND LIFECYCLE MANAGEMENT OF NET-ZERO TRANSITIONS
In a?press release, the?European Commission?announced that it has approved a €3 billion German scheme to fund the construction of the?“Hydrogen Core Network (‘HCN’)”.?
The initiative will endow funds to boost the efforts to achieve the EU Hydrogen Strategy and the ‘Fit for 55’?package. The state aid is directed towards the establishment of the hydrogen transmission infrastructure required by 2030.?
The scheme to establish the HCN will reportedly be the “backbone of long-distance transport pipelines for hydrogen” in Germany. It will also become part of the EU’s hydrogen backbone, which will connect several member states.?
#GermanHCN #HydrogenBackbone #H2PipelineNetwork
#CleanHydrogenTransport #Sustainabilityeconomicsnews