Fifth of European Hydrogen projects stalled or cancelled
Hydrogen is a key part of Europe’s decarbonisation programme, driven through significant funding and subsidy mechanisms at a regional and country level, such as the Important Projects of Common Interest (IPCEI) and the EU Innovation Fund with €18.9bn and €4.8bn allocated respectively. Some countries have also developed domestic support mechanisms, such as the UK’s CfD-based Hydrogen Allocation Round (HAR) and Germany’s flagship funding scheme H2Global.