€100bn plan to get economy back on track will include support mechanism for green fuel
The French government has launched a €100bn recovery plan that will see €30bn allocated to green goals including energy and significant support for green hydrogen.
€2bn will be allocated to developing a green hydrogen sector in the country, according to the France Relance (France Relaunch) plans launched by prime minister Jean Castex (pictured) today.
This will include support for regional hydrogen projects and a support mechanism for hydrogen produced through electrolysis.
The hydrogen support mechanism will include a call for tenders and additional remuneration. A European demonstrator project will also be established.
Other green elements of the recovery plans will also fund energy efficiency improvements and the electricication of industrial processes. Funding will also support a transition in agriculture and transport.
40% of the funding will come from the European Union’s own recovery deal.
Source: renews.biz
