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BMW Receives Funding from the EU Hydrogen Project

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Source: Gasgoo

As part of the EU’s 1.4 billion euro ($1.52 billion) state aid package, BMW is the only car manufacturer to receive EU funding for a hydrogen project.

Other companies that have received funding include tire maker Michelin Group and aircraft manufacturing and development company Airbus. The European Commission said on May 28 that the initial funding is expected to unlock an additional 3.3 billion euros in private investment.

The Hy2Move program is the fourth round of funding related to hydrogen energy and focuses on mobility. The hydrogen energy initiative has been declared one of the key projects of common European interest and is expected to play an important role in the EU’s 2050 carbon neutrality goal. Other important projects of common European interest include semiconductors and batteries for electric vehicles.

Details of BMW’s project and the amount of funding will be announced shortly after the scheme receives final approval and restrictions on publication of trade secrets are lifted, the commission said. BMW is one of the few companies to support hydrogen fuel cell technology and has launched a pilot fleet of hydrogen-powered X5 SUVs.

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Image source: BMW

The iX5 features a hybrid battery/fuel cell drivetrain with a total output of 401 HP (295 kW). Two 700-bar carbon-fiber-reinforced plastic hydrogen storage tanks can hold about 6 kilograms of hydrogen and travel 504 kilometers (303 miles) in WLTP conditions. For now, BMW has yet to commit to mass production of the iX5.

Other automakers backing hydrogen include Toyota, Renault, Hyundai and Honda. Toyota makes the Mirai fuel cell sedan, and Renault says hydrogen can power the internal combustion engine in its Alpine range of sports cars.

The “Hy2Move” project will be co-funded by Estonia, France, Germany, Italy, the Netherlands, Slovakia and Spain.

A total of 11 companies plan to participate in 13 programs. The European Commission says it expects to create 3,300 jobs by 2031.

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