Jul 19, 2022 | Maritime business news

GTT Group green hydrogen company Elogen’s ‘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).

Elogen’s project is one of 41 selected by the European Commission as part of the Hy2Tech IPCEI, in the hydrogen production technology category. The EC authorisation enables the 15 Member States signed up to the Hy2Tech IPCEI to provide public funding of up to €5.4bn.

Elogen’s project comprises two streams, increasing the intensity of its R&D to develop innovative electrolyser stacks  with proton exchange membranes, and building a factory for mass production of these stacks in Vendôme (Loir-et -Cher).

Elogen hopes to start production at the new plant, which will have production capacity of 1 GW, in 2025.

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