The European Commission (EC) approved a EUR149 million Romanian scheme to support the production of renewable hydrogen.

The scheme will be partially funded through the Recovery and Resilience Facility (RRF) romania-insider.com reported.

“The measure aims to contribute to the development of renewable hydrogen in line with the objectives of the EU Hydrogen Strategy and the EU Green Deal. The scheme will also contribute to the objectives of the REPowerEU Plan to reduce dependence on Russian fossil fuels and fast forward the green transition,” the commission said.

The scheme will run until 31 December, 2023, and is open to companies of all sizes that are active in the production of hydrogen or electricity, administrative territorial units, or national institutes for research and development in the field of energy, including associations or partnerships formed by those actors.

The support will take the form of direct grants, and the maximum amount of aid that can be granted per project cannot exceed EUR 50 million.

The projects will be selected through a bidding process, where beneficiaries compete for the lowest amount of aid per MW of installed electrolysis capacity. The first call for projects was started in June 2022.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

According to the EC, the scheme aims to support the construction of new installations for the production of renewable hydrogen, to be achieved by 31 December 2025, renewable hydrogen production capacities of at least 100 MW in electrolysis installations producing at least 10,000 tonnes of hydrogen per year.