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EU earmarks more than EUR 1 billion in development of hydrogen

The EU will spend more than a billion euros on developing hydrogen in the energy and transport sector, according to a preliminary plan aimed at kick-starting the economy after the coronavirus crisis. Shipping is mentioned as a specific recipient.

Photo: Thomas Borberg

The EU Commission is preparing for massive investments to develop hydrogen for the energy and transport sector in the coming years.

At the end of this month, the EU Commission will present a comprehensive recovery plan aimed at kick-starting the economy after the coronavirus crisis. And as expected, the plan is focused on green investments and is part of the Commission's Green Deal, which was presented last year, before the coronavirus pandemic erupted.

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