First Hydrogen currently has key personnel in Germany, Austria, Spain, and the Benelux region. Further activities will now include development in Germany, Benelux, Eastern Europe, France, Spain, Portugal and Italy.
In order to ensure that green hydrogen production can start immediately, European Union Commission President Ursula von der Leyen in her state of the union address announced the creation of a new European Hydrogen Bank. In her statement she argued that "hydrogen can be a game changer for Europe", and we believe that the €3bn budget – from the existing Innovation Fund – will be a good starting point, however we will be working to leverage that amount to ensure we move our hydrogen economy from niche to scale."
The EU markets represent some 35% of the Global Light Commercial vehicle market, with the largest EU market shares in Germany (19%), France (28%), Italy (11%) and Spain (11%)1. On green hydrogen production, in addition to the recent announcements, so far, the EU has announced approximately €75 billion of investments in the sector.