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Hy2Infra | €6.9 billion public funding expected to unlock €5.4 billion in private investments.
Hy2Infra
In advance of the first tranche of European Investment Bank allocation, here is Hy2Infra
Jointly prepared and notified by seven Member States: France, Germany, Italy, the Netherlands, Poland, Portugal, and Slovakia.
The Member States will provide up to €6.9 billion in public funding, which is expected to unlock €5.4 billion in private investments.
As part of this IPCEI, 32 companies with activities in one or more Member States, including small and medium-sized enterprises (‘SMEs'), will participate in 33 projects.
IPCEI Hy2Infra will cover a wide part of the hydrogen value chain by supporting: the deployment of 3.2 GW of large-scale electrolysers to produce renewable hydrogen; the deployment of new and repurposed hydrogen transmission and distribution pipelines of approximately 2,700 km; the development of large-scale hydrogen storage facilities with capacity of at least 370 GWh; and the construction of handling terminals and related port infrastructure for liquid organic hydrogen carriers ('LOHC') to handle 6,000 tonnes of hydrogen a year.
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