The "Puglia Green HydrogenValley" project has been selected for an Ipcei (Important Projects of Common European Interest) loan of a maximum amount of 370 million euros.
The initiative of EdisonNext, Saipem and Sosteneo (a company in the GeneraliInvestments ecosystem for renewables and energy transition) is one of the first for the large-scale production of green hydrogen in Europe and involves the construction of two plants in Brindisi and Taranto, for an electrolysis capacity total of 160Mw.
Once in operation, it is estimated that the Puglia Green Hydrogen Valley plants will be able to produce approximately 250 million cubic meters of green hydrogen per year.
The IPCEI "Hy2Infra" involves 33 projects from 32 companies from seven member states: France, Germany, Italy, the Netherlands, Poland, Portugal and Slovakia.
Puglia GreenHydrogen Valley is one of the three Italian projects to have been awarded funding.
Member States will provide up to €6.9 billion in public funding, the highest amount of aid approved so far for IPCEIs in the hydrogen field.
This is expected to unlock a further €5.4 billion in private investment, for a total of over €12 billion.
The "Puglia Green Hydrogen Valley" project has been identified by the Puglia Region as a strategic opportunity to achieve the ambitious energy transition objectives it has set for itself, through the decarbonisation of its industrial sector and in particular of the Apulian steel industry.
The "Puglia Green Hydrogen Valley" is also synergistic with the project for the construction of a gas pipeline for the transport of hydrogen between Brindisi and Taranto, promoted by Snam and also financed by "Hy2Infra".
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