Hydrogen: Executive Vice-President Vestager and Commissioner Breton to participate in event organised by German Presidency on launch of new IPCEI Hydrogen

This afternoon, Executive Vice-President Margrethe Vestager, in charge of competition policy, and Commissioner for Internal Market Thierry Breton will participate in the event ‘IPCEI now and tomorrow – The future of European cooperation in key technologies – celebrating the launch of IPCEI Hydrogen‘, organised by the German Presidency of the Council of the European Union. During the event, several European countries will sign a manifesto to commit to work together on large-scale joint investment projects to support the development and deployment of hydrogen technologies and systems, including an Important Project of Common European Interest (IPCEI). Where private initiatives supporting breakthrough innovation and infrastructure fail to materialise because of the significant risks such projects entail, EU State aid rules enable Member States to jointly fill the gap to overcome these market failures with an IPCEI, while limiting potential competition distortions and ensuring positive spill-over effects for EU industry at large. Following the publication of the European Hydrogen Strategy and the launch of the European Clean Hydrogen Alliance, the Commission is committed to pave the way towards a more efficient and interconnected energy sector, driven by the twin goals of a cleaner planet and a stronger economy. The event will be preceded by a press conference, which can be watched here.