"EU Approves Billions in State Aid for Major Hydrogen Projects"
Fusion Fuel has received approval from the European Commission for its HEVO-Portugal project under the Important Projects of Common European Interest (IPCEI) Hy2Infra program. The €650 million, 630 MW project in Sines, Portugal, aims to produce 62,000 tonnes of green hydrogen annually, with a portion to be used in green ammonia production and export. The approval positions Fusion Fuel to commence funding negotiations with government stakeholders and the European Investment Bank, marking a significant milestone in the company's efforts to contribute to the rapid decarbonization of Portugal's largest industrial hub and advance the European green hydrogen economy.
- Fusion Fuel Receives Notification of IPCEI Approval from European Commission for 630 MW HEVO-Portugal Project GlobeNewswire
- EU approves 4.6 bln eur in German state funds for hydrogen projects Reuters.com
- Commission approves up to €6.9 billion of State aid by seven Member States for the third Important Project of Common European Interest in the hydrogen value chain European Commission
- Biggest yet | EU green-lights €7bn in hydrogen infrastructure subsidies from seven member states Hydrogen Insight
- Fusion Fuel Green Shares Almost Quadruple on Funding Approval MarketWatch
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