EU approves billion-euro hydrogen project

European Union regulators have approved a hydrogen project worth 1.4 billion euros (34.5 billion Kč). It will be funded by member states. The European Commission (EC), which oversees competition in the European Union, said this today in a press release.

According to the EC, Estonia, France, Germany, Italy, the Netherlands, Slovakia and Spain will provide funding for the hydrogen project. It is expected to unlock a further 3.3 billion euros from private companies and up to 1.4 billion euros from public sources.

The hydrogen project is expected to support the deployment of hydrogen technologies in road, maritime and air transport. The healthcare project aims to accelerate progress in medicine and strengthen the resilience of the EU healthcare sector.