26 January 2023
EU Innovation Fund grants €108 million to RWE’s waste-to-hydrogen project FUREC
RWE's FUREC project, which aims to produce circular and green hydrogen from non-recyclable municipal solid waste in Limburg, the Netherlands, received a €108 million grant from the EU’s Innovation Fund. Roger Miesen, CEO of RWE Generation, accepted the grant agreement today at the Financing Innovative Clean Tech Conference in Brussels.
The funding by the EU Innovation Fund marks a key milestone for advancing the FUREC project, which will require an investment of more than €600 million to complete. With the funding commitment secured, RWE forges ahead with project development at full speed, including seeking the necessary approvals and permits. In parallel, the company is starting to contract preferred suppliers for the plants, potential customers for hydrogen and CO2, and companies that can provide waste of suitable quantity and quality. A final investment decision is to be made in 2024.