Intesa Sanpaolo first italian bank admitted to the ECHA of the European Commission

Intesa Sanpaolo is the first Italian bank in Europe to be admitted to the European Commission’s European Clean Hydrogen Alliance (ECHA).

Intesa Sanpaolo has actively participated in the European Commission's IPCEI (Important Project of Common European Interest) programme since its presentation in 2019, paying particular attention to the first of the major projects in the pipeline, dedicated to the clean hydrogen supply chain.

European companies that present projects related to the production, storage, use and marketing of clean hydrogen will be able to receive non-refundable sums and loans from both the EU and national governments, in exemption of the legislation on State aid and up to the overall amount of 100% of the eligible costs within the limits of the funding gap.

With the support of the initiatives organised by the Alliance, the European Union intends to take on the global leadership of the sector, with the aim of maintaining the commitment to achieving carbon neutrality by 2050, as envisaged by the European Green Deal.