Plagazi, a Swedish company specializing in green hydrogen technology, has been awarded a significant €29.5 million (about USD 32.1 million) grant from the EU Innovation Fund. The funding will help advance Plagazi’s innovative project focused on converting waste into circular hydrogen using a high-temperature plasma gasification process, reported Fuel Cell Works.
This unique process allows Plagazi to turn various waste materials, including those that are non-recyclable, into green hydrogen by subjecting them to temperatures above 3,000°C. With the EU’s financial support, Plagazi aims to further develop and scale its technology, boosting its capacity to produce sustainable hydrogen on a larger scale.
Earlier this year, Plagazi also partnered with the European Investment Bank (EIB) to support the Koping Hydrogen Park (KHP) project in Sweden. The KHP project is set to generate 12,000 tonnes of green hydrogen annually from 66,000 tonnes of unrecyclable waste and provide 10 MW of district heating to the surrounding community. Once operational, the park will be one of Sweden’s and Europe’s largest facilities for circular hydrogen production.
The EU grant is part of a larger initiative, with 85 projects selected from 337 applicants, sharing a total of €4.8 billion in funding under the 2023 call for proposals. Plagazi’s success underscores its potential to play a key role in Europe’s transition to net-zero emissions and in advancing the circular economy.
In response to the award, Plagazi expressed gratitude for the collaboration and guidance that led to this success, especially thanking Zaz Ventures for their support during the application process. The company is determined to use this opportunity to further innovation and contribute to the growth of sustainable hydrogen solutions.
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