EU allocates €1,25bn to energy projects, including grid, hydrogen and CCUS – Enerdata
EU allocates €1,25bn to energy projects, including grid, hydrogen and CCUS – Enerdata The European Commission has allocated almost €1.25bn in grants from the Connecting Europe Facility (CEF) to 41 cross-border […] The post EU allocates €1,25bn to energy projects, including grid, hydrogen and CCUS – Enerdata appeared first on Hydrogen Central.
EU allocates €1,25bn to energy projects, including grid, hydrogen and CCUS – Enerdata
The European Commission has allocated almost €1.25bn in grants from the Connecting Europe Facility (CEF) to 41 cross-border energy infrastructure projects, including for the first time hydrogen and offshore electricity grid projects. Those projects had acquired the status of Projects of Common Interest and Projects of Mutual Interest (PCIs and PMIs) in 2024 under the Trans-European Networks for Energy (TEN-E) policy framework.
Nearly €750m of the funding is earmarked for 8 electricity grid projects including offshore and smart electricity grids. The largest grant, of €645m, will support the Bornholm Energy Island project for the construction of a hybrid interconnector in the Baltic Sea that allows to link Denmark and Germany and to integrate 3 GW of offshore wind capacity. Other selected projects comprise Danube InGrid, a cross-border smart electricity project between Hungary and Slovakia that will integrate renewable energy and more efficiently balance the system
Hydrogen infrastructure will benefit from grants for 21 development studies amounting to over €250m, including the BarMar-H2med project between Spain and France, the backbone projects in Italy, Portugal and Spain, and the hydrogen corridors and routes in the Baltic region.
Finally, funding worth €250m will support the construction of 3 projects and the financing of 9 preparatory studies for CO2 infrastructure. The Prinos storage facility in northern Greece will be awarded almost €120m, thus contributing to the first carbon capture and storage value chain in the South-Eastern Mediterranean region. A second grant, for works worth €55m, is destined for construction works of the North Sea L10 CO2 storage facility on the Dutch continental shelf. A third grant, for works of just below €12m, will be awarded to the Norne CO2 facility in Denmark.
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EU allocates €1,25bn to energy projects, including grid, hydrogen and CCUS – Enerdata, source
The post EU allocates €1,25bn to energy projects, including grid, hydrogen and CCUS – Enerdata appeared first on Hydrogen Central.
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