In Bulgaria, Renewables Now reported that the European Commission (EC) has granted its approval, under EU state aid rules, for a $285 million German scheme to back the installation of electrolyzers for the production of renewable hydrogen and hydrogen storage. The scheme will be financed fully by the Just Transition Fund. It will provide aid in the form of direct grants to companies active in German regions identified under the Just Transition Fund for the construction of green hydrogen electrolyzers and hydrogen storage facilities. According to the EC, the scheme will help accelerate the green transition and is in line with the REPower EU Plan and the Green Deal Industrial Plan.
More on the story.
