GREY:XEBEQ - Post by User
Comment by
kulewateron Sep 14, 2022 8:47pm
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Post# 34963309
RE:3 billion$ for Free Hydrogen funds
RE:3 billion$ for Free Hydrogen funds Some big announcements for hydrogen in today’s State of the European Union #SOTEU speech by European Commission President Ursula Von der Leyen: 1. The creation of a EUROPEAN HYDROGEN BANK to help guarantee supply of hydrogen using money from the Innovation Fund. 3 billion to be made available to create a hydrogen market. 2. The creation of a European critical raw materials, similar to the European battery initiative. Lithium and rare earths will be once more important than natural gas today. One country (China) controls the market today. The future of European industry needs to be “Made in Europe”. BONUS: An extract from what President VdL said about h2 before announcing the European Hydrogen Bank: “Hydrogen can change the situation completely in Europe. We have to move from a niche market to a mass market for hydrogen. We’ve double our objectives in RePowerEU. To achieve the objectives we need to create a new hydrogen market to fill the investment gap and match supply and demand for the future.” https://www.linkedin.com/posts/constantine-levoyannis-24474a50_soteu-greendeal-hydrogen-activity-6975725185685409792-ekNv?utm_source=share&utm_medium=member_desktop