Connect with us

EU

Hydrogen: Executive Vice-President Vestager and Commissioner Breton to participate in event organised by German Presidency on launch of new IPCEI Hydrogen

SHARE:

Published

on

We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. You can unsubscribe at any time.

Executive Vice President Margrethe Vestager, in charge of competition policy, and Internal Market Commissioner Thierry Breton participate in the event ‘IPCEI now and tomorrow – The future of European co-operation in key technologies - celebrating the launch of IPCEI Hydrogen', organized by the German Presidency of the Council of the European Union on 17 December.

During the event, several European countries will sign a manifesto to commit to work together on large-scale joint investment projects to support the development and deployment of hydrogen technologies and systems, including an Important Project of Common European Interest (IPCEI). Where private initiatives supporting breakthrough innovation and infrastructure fail to materialise because of the significant risks such projects entail, EU state aid rules enable member states to jointly fill the gap to overcome these market failures with an IPCEI, while limiting potential competition distortions and ensuring positive spill-over effects for EU industry at large.

Following the publication of the European Hydrogen Strategy and the launch of the European Clean Hydrogen Alliance, the Commission is committed to pave the way towards a more efficient and interconnected energy sector, driven by the twin goals of a cleaner planet and a stronger economy. The event will be preceded by a press conference, which can be watched here.

Share this article:

EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter.

Trending