EU Gives Green Light For $5.2 Billion In State Aid For Hydrogen Development

The European Commission on Wednesday said it has approved 5.2 billion euros ($5.15 billion) in public funding by 13 EU member states aimed at boosting the supply of renewable and low-carbon hydrogen.

The state aid is expected to unlock 7 billion euros in private funding for a total of 35 projects involving 29 companies, the commission said.

(Reporting by Bart Meijer, Editing by Louise Heavens)