About
The Green Hydrogen Fund is an EIB trust fund set up to support green hydrogen infrastructure projects around the world to help achieve the climate goals of the Paris Agreement as well as the UN Sustainable Development Goals. Through the fund, green hydrogen projects receive grant support as well as the technical assistance needed to achieve bankability and come to fruition.
Transforming the global energy system and industrial sectors is essential in the fight against climate change. Electricity from renewable sources has a great role to play in climate action, but it alone cannot meet the need to decarbonise sectors such as the cement and chemical industries as well as air and sea transport. Green hydrogen has great potential to address this shortfall. The Green Hydrogen Fund supports the critical transformation of the global energy system and industrial sectors to reach a net zero economy.
Green hydrogen, or renewable hydrogen, is achieved through the electrolysis of water powered by renewable energy, such as wind and solar. The challenge of decarbonising hard-to-abate sectors can be met through the use of renewable hydrogen and its derivatives, called Power-to-X (PtX) products. Renewable hydrogen can also be used to produce fuels such as kerosene, or ammonia for fertilisers.