The French Ministry of Energy Transition has unveiled an initiative with a budget of €4bn to bolster the hydrogen sector. This program's primary objective is to facilitate the acquisition of electrolysers by manufacturers and enable the cost-effective production of carbon-free hydrogen, which can be of nuclear or renewable origin. The scheme will bridge the financial gap between the price of carbon-free hydrogen and that of hydrogen derived from fossil fuels. This carbon-free hydrogen will find applications in a range of heavy industrial processes, eliminating the reliance on fossil fuels for activities such as steel and aluminium production as well as fertiliser manufacturing.
A forthcoming decree will outline the specifics of subsidies available to manufacturers looking to decarbonise their production processes with hydrogen, including support for both electrolyser acquisition and long-term operational expenses. The €4bn fund will be deployed through annual calls for tenders over the next four years, aimed at fostering the growth of decarbonised hydrogen producers employing electrolysis technology.
Interested in Global Energy Research?
Enerdata's premium online information service provides up-to-date market reports on 110+ countries. The reports include valuable market data and analysis as well as a daily newsfeed, curated by our energy analysts, on the oil, gas, coal and power markets.
This user-friendly tool gives you the essentials about the domestic markets of your concern, including market structure, organisation, actors, projects and business perspectives.