April 15, 2025The new European mechanism enables fund compatibility and breathes life into Spain’s hydrogen sector

Spain
The new European mechanism enables fund compatibility and breathes life into Spain’s hydrogen sector

Emilio Nieto, Director of the National Hydrogen Centre of Spain, underscores that the Clean Industrial Deal introduces compatibility between funding mechanisms and opens access to projects that previously failed to meet the necessary criteria, delivering a decisive boost to Spain’s industrial decarbonisation efforts. “If the Innovation Fund covers 40% of the project, and the Clean Industrial Deal provides another 40% of the remainder, the developer only needs to assume 20% of the total cost,” he explains.

advanced-floating-content-close-btn