Just Transition Fund to support the Hydrogen Research Centre in Wels (Upper Austria)

Just Transition Fund to support the Hydrogen Research Centre in Wels (Upper Austria)

The Just Transition Fund (JTF) will support the Hydrogen Research Centre in Wels. The project – which will receive EUR 9.8 million from the JTF – aims to research applications for hydrogen, and support small and medium-sized enterprises active in greenhouse gas intensive industries to develop sustainable and competitive production processes. The research centre’s work is not only accelerating the take-up of hydrogen as a clean energy source but also contributing to creating green jobs and fostering economic growth. In line with the JTF’s objectives, the project will help Upper Austria address the socio-economic impacts of the transition toward climate neutrality.

Austria receives a total of EUR 136 million from JTF [which is implemented partly in the ERDF (European Regional Development Fund) & JTF programme, and partly in the ESF+ (European Social Fund+) & JTF programme]. With these funds, Austria supports the diversification toward sustainable and innovation-driven economic activities, research and innovation projects on climate transition, as well as up- and reskilling.

The total JTF budget for 2021-2027 for the whole EU amounts to EUR 19.7 billion and aims to support territories facing serious socio-economic challenges arising from the transition toward climate neutrality.

For more information on EU-funded projects in Austria, please visit Kohesio.

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Just Transition Fund to support the Hydrogen Research Centre in Wels (Upper Austria), source

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