Neste awarded green H2 grant

Neste Oyj said that it won a EUR-27.7-million ($29.4m) grant from state-run organization Business Finland for its green hydrogen projects in Porvoo as a result of their IPCEI designation. In July, Neste was selected by the European Commission to receive national public funding under the IPCEI Hy2Tech initiative of the State aid framework for Important

Faurecia gets funding to develop hydrogen tanks

France’s Faurecia’s (EPED.PA) project to develop a new generations of hydrogen tanks was granted 213 million euros ($209 million) of support from the European Commission as part of the Hydrogen IPCEI programme. Faurecia’s “Historhy Next” project aims to develop new generations of hydrogen tanks, both gaseous and liquid, by the end of 2027. Faurecia, part

EU to jointly launch hydrogen projects with a group of 35 companies

The European Commission approved a 5.4-billion-euro ($5.4 billion) hydrogen project jointly funded by 15 EU countries and 35 companies including Alstom and Daimler Truck, seeking to gain the edge in an innovative sector. The project, called IPCEI Hy2Tech, aims to attract another 8.8 billion euros in private investments. Other participating companies include Ansaldo, Bosch, Enel,