The Basque Hydrogen Corridor has started with 41 projects, in which 200 million euros will be invested this year. Among the first projects is the Abanto technology park.
The Basque Hydrogen Corridor, in which 58 companies participate, hopes that between 30 and 40% of its investments, some 1,500 million euros by 2026, will be covered by European funds Next Generation.
The corridor is a public-private collaboration project that seeks to develop the hydrogen technology, led by companies such as Petronor, Nortegas or Irizar. They have started with 41 projects, in which they will invest €200 million this year.
In the next five years, until 2026, they foresee the investment of 1,500 million euros, of which they expect the 30-40% (between 450 and 600 million) are covered by European funds.
Jose Ignacio Zudaire, president of the Corridor, explained this Monday in Bilbao that the percentage of 30-40 is an average, since there are projects that will need less and others, generally small, very experimental ones, will demand more.
Precisely these months the first calls for aid from European funds are being developed, through the PERTE of renewable energies.
Among the first concrete projects that have already begun to work, are the Abanto technology park (on the left bank of the Nervión, near the port of Bilbao) or the Amorebieta green hydrogen manufacturing plant. Both are expected to go live later this year or early 2023.
Source: Eitb
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