BY: Sunita somvanshi

Europe Invests €1.4 Billion in Hydrogen Mobility: Can It Cut Emissions by 90%?

Source: Google

€1.4 billion investment in hydrogen mobility was approved by the EU, aiming for climate neutrality by 2050.

Source: Google

Seven countries, including Spain and Germany, are funding the ambitious Hy2Move project.

Source: Google

An additional €3.3 billion in private investments is expected to be unlocked by the public funding.

Source: Google

Eleven companies will spearhead 13 innovative projects under Hy2Move.

Source: Google

Hydrogen refueling stations will soon supply pressurized hydrogen at 99.99% purity.

Source: Google

The project aims to cut emissions in the mobility and transportation sectors by 90%.

Source: Google

Hy2Move complements previous EU hydrogen initiatives like Hy2Tech and Hy2Use.

Source: Google

Over 3,600 jobs are projected to be created by the project's completion in 2031.

Source: Google

Germany, Slovakia, and Spain may use Recovery Plan funds to finance their Hy2Move projects.

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