EU ROUND UP – BRUSSELS LAUNCHED HYDROGEN FUEL CELL UNDERTAKING PHASE TWO
July 5th, 2014
THE EUROPEAN Commission has launched the second phase of its fuel cells and hydrogen joint undertaking, sinking EUR1.33 billion into hydrogen-based energy and transport fuel technology until 2020. The European Union (EU) is planning to contribute up to EUR665 million, leveraging at least EUR665 million from private sources. Brussels has now launched this phase’s first call for formal proposals for financing. These, it said, will improve fuel cell performance, reducing costs, demonstrating market-readiness. One target project involves rolling out at least 100 ...
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