Later today, EU officials are reportedly set to announce the details of a new initiative to develop hydrogen fuel technologies in accordance with plans to see the bloc become carbon neutral by 2050.
Plans for a “clean hydrogen alliance” are said to be in the works, as well as a new industrial strategy for Europe to follow the precedent set by the launch of the European Battery Alliance last year. The latter was cleared to receive €3.2 billion in public funds.
The alliance is just one of a series of projects cited in preliminary drafts of the European Commission’s industrial strategy, of which internal market commissioner Thierry Breton sits at the helm. In a Paris interview, Breton described hydrogen as a vital technology for European industry in the years to come.