Elogen announces that its “gigafactory” and R&D strengthening project has been selected by the European Commission as part of the Hydrogen IPCEI (Important Project of Common European Interest).
On July 15, 2022, the European Commission authorized the 15 Member States concerned by the “Hy2Tech” IPCEI to provide public funding of up to €5.4 billion.
Elogen is one of the 41 projects selected as part of the Hy2Tech IPCEI in the “Hydrogen production technology” category.
Elogen’s project consists, on the one hand, in increasing the intensity of its R&D to develop innovative stacks of electrolysers with proton exchange membranes and, on the other hand, in building, in Vendôme (Loir-et -Cher), a factory allowing the mass production of these stacks.
As a reminder, the Elogen gigafactory will start its production in 2025 and will have a production capacity of 1 GW.
Information on the amount of aid granted to each of the IPCEI participants will be available in the non-confidential version of the European Commission’s decision.