- Presented as a “green recovery” plan, it provides 30 billion euros for the ecological transition.
Prime Minister Jean Castex today unveiled a recovery plan for the French economy. The recovery plan of 100 billion euros is officially called “France Relance”.
The French government has given itself two years for the country to turn around its economy that has been ravaged by the pandemic.
Part of the recovery plan will include the hydrogen industry which will benefit from a 2 billion euro funding over the next two years.
Prime Minister Jean Castex confirmed that in total 7 billion euros will be used as funding ” to make France a spearhead of green hydrogen by 2030 ”.
- 3.4 billion euros is planned for the financing of the hydrogen strategy by 2023 and 7.2 billion by 2030.
Of these 7 billion, 2 billion are coming from the Recovery plan and the remaining amount will be completed by contributions from the 4th edition of the Future Investment Plan (PIA4).
This part of the plan will “ make France a country cutting edge on green hydrogen “, said Jean Castex.
Philippe Boucly, President of AFHYPAC, the French Hydrogen Association said, ” A new step has been taken today with the recognition of hydrogen as a strategic industry in its own right, creator of value and jobs on the national territory, a vector of reindustrialization”
Developing a green hydrogen sector in France
Energy consumption represents nearly 70% of French greenhouse gas emissions. The relaunch should be an opportunity for France to position itself at the forefront of renewable and low-carbon hydrogen production technologies with a view to achieving carbon neutrality before 2050 and creating value in the region (the development of this sector could create 50,000 to 100,000 jobs by 2030).
Description of the measure
The national hydrogen strategy will go through several levers:
- support for projects carried out by companies in the regions , in particular to promote the emergence of a French offer of hydrogen solutions
- establishment of a support mechanism for hydrogen produced by electrolysis of water through a call for tenders and additional remuneration
- setting up of a common European project (IPCEI) in order to support industrialization on the territory and the development of demonstrators.
- Funding of research projects for the development of carbon-free solutions based on hydrogen for shipping and aviation.
- Launch of a European project (IPCEI) aimed at developing and industrializing French solutions:
- fuel cells, tanks and materials to enable the development of hydrogen vehicles for mobility
- electrolysers for the production of low carbon hydrogen and the decarbonation of industrial sites.
Cost and financing: 2 billion euros.
The first stages of the hydrogen strategy were launched in 2020 (call for expressions of interest from manufacturers, Hydrogen train).
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