WIC-members part of 5.2 billion subsidy approval by European Commission
Our WIC-members Engie, Fluxys, Everfuel, Uniper and Air Liquide will receive state aid for their individual projects after the European Commission’s approval of the up to €5.2 billion of public support by thirteen Member States for the second Important Project of Common European Interest (“IPCEI”) in the hydrogen value chain. The second IPCEI wave, called “IPCEI Hy2Use”, was jointly prepared and notified by thirteen Member States, including Belgium and the Netherlands and is expected to unlock additional €7 billion in private investments.
IPCEI Hy2Use will cover a wide part of the hydrogen value chain by supporting (i) the construction of hydrogen-related infrastructure, notably large-scale electrolysers and transport infrastructure, for the production, storage and transport of renewable and low-carbon hydrogen; and (ii) the development of innovative and more sustainable technologies for the integration of hydrogen into the industrial processes of multiple sectors, especially those that are more challenging to decarbonise, such as steel, cement and glass. The IPCEI is expected to boost the supply of renewable and low-carbon hydrogen, thereby reducing dependency on the supply of natural gas.
