Political majority allocates funds to hydrogen project

The industry applauds a broad political agreement to allot around USD 136 million to the Danish participation in the EU's green hydrogen project. Hydrogen is expected to play a significant role as a future fuel for shipping.

EU Commission President Ursula von der Leyen visited Denmark's Avedøre Power Plant on Thursday. Ørsted's Green Fuels for Denmark project is among the selected IPCEIs | Photo: Claus Bech

A broad majority in Danish parliament has decided to allocate DKK 850 million (USD 136 million) to the development of Power-to-X projects domestically and in the EU. The sum is meant to comprise the nation's contribution to the Important Project(s) of Common European Interest for green hydrogen.

"With a common European effort, we can both scale up the technology and bring down its price while accelerating the green energy transition in, for example, the shipping and aviation industries, which cannot be electrified directly," says Danish Minister of Climate, Energy and Utilities Dan Jørgensen.

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