Fourteen member states of the European Union (EU) have already included a strategy for the use of hydrogen as part of their plans to support the post COVID lockdown economic recovery plans. David Czupryna, Head of ESG Development at Candriam, writes that the recent investment package of EUR15bn by the German and French governments is a serious step but only one of many required, with a lot of investment and opportunities still to come.
The EU is now looking to create a leverage effect for the private sector by combining national and European funding. For some time now, the European Commission partnered with over 160 companies and about 80 research organisations through Hydrogen Europe, the European Hydrogen and Fuel Cell Association. The EU has also supported the Fuel Cells and Hydrogen Joint Undertaking (FCH JU), a public-private partnership in the field of hydrogen energy research and development1.
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