Kommunalkredit is the First Austrian Financial Institution to Join the European Clean Hydrogen Alliance

By December 11, 2020 2   min read  (316 words)

December 11, 2020 |

Kommunalkredit is the First Austrian Financial Institution to Join the European Clean Hydrogen Alliance

Vienna – As a specialist bank for infrastructure and energy financing, Kommunalkredit Austria AG (Kommunalkredit) actively addresses local and global infrastructure trends.

The bank focuses on sustainable infrastructure projects that support key challenges such as economic growth, strengthening regions, job creation and, above all, climate protection measures. Kommunalkredit is now the first financial services provider in Austria to be admitted to the “European Clean Hydrogen Alliance”, the European hydrogen alliance established by the EU Commission as recently as mid-year.

“We believe in hydrogen as a climate-neutral energy carrier with enormous potential. And we place great emphasis on innovation and sustainability. Which is why it was a logical step for us to join the European Clean Hydrogen Alliance, because the economic and financial system is now called upon to promote economic and sustainable projects that contribute to achieving #mission2030, the Green Deal and climate neutrality,” says Kommunalkredit CEO Bernd Fislage.

Hydrogen is considered particularly climate-friendly because it emits no carbon dioxide when used and can be used for a wide range of purposes, from storing renewable energy to fuelling heavy transport and as an energy and raw material in energy-intensive industries.

The European Clean Hydrogen Alliance aims at an ambitious deployment of hydrogen technologies by 2030 to best combine renewable and low-carbon hydrogen production with industrial, mobility and other sectors’ demand, as well as hydrogen transmission and distribution.

About Kommunalkredit:
Kommunalkredit is a specialist for infrastructure and energy financing. Together with its customers as partners, the bank creates values that continuously improve people’s lives. In doing so, it facilitates the construction and operation of infrastructure facilities by balancing the financing needs of project sponsors and developers with the growing number of investors looking for sustainable investment opportunities. Main investment segments are energy & environment I communications & digitalisation I transportation I social infrastructure I natural resources.

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