EU Greenlights €3 Billion Hydrogen Initiative

The European Commission has approved a €3 billion German-Dutch scheme to enhance the global production of renewable hydrogen and clean fuels. The initiative seeks to establish 1.875 gigawatts of electrolysis capacity, with competitive bidding set to commence in 2025.

The European Commission announced its approval of a substantial €3 billion ($3.15 billion) scheme launched by Germany and the Netherlands to amplify international production of renewable hydrogen and other clean fuels.

This ambitious project is set to achieve an impressive 1.875 gigawatts of electrolysis capacity, with competitive bidding poised to begin in 2025.

These moves underscore a growing European commitment to cleaner energy alternatives.

(With inputs from agencies.)