The European Commission has greenlighted a €2.2bn German scheme to support investments in the decarbonisation of industrial production processes to foster the transition to a net-zero economy, in line with the Green Deal Industrial Plan. The scheme would help investments in the electrification of industrial processes, as well as investments enabling the substitution of fossil fuels with renewable hydrogen or renewable hydrogen-derived fuels, taking the form of direct grants. The measure will be open to companies relying on the use of fossil fuels as energy source or feedstock for their production processes in the industrial sector in Germany. Eligible projects must lead to a reduction of greenhouse gas (GHG) emissions from production processes of at least 40%, compared to today. The aid will not exceed €200m per beneficiary and will be granted no later than 31 December 2025.
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