The EU has approved a €111.7m ($117m) subsidy from the Greek Government to Motor Oil (Hellas) to install 50MW of electrolyser capacity for renewable hydrogen production.
After being given state-aid approval, the Greek oil company will produce hydrogen at its Corinth refinery in Agioi Theodori. Hellas will receive the aid in the form of a direct grant, provided through the Recovery and Resilience Facility (RRF) programme.
Construction of 30MW of electrolyser capacity has already begun at Corinth refinery – the largest industrial complex in Greece. Hellas previously revealed plans for an additional 20MW to scale up to 50MW at the facility.
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