Plagazi wins EUR-29.5m EU grant for waste-to-hydrogen tech

Swedish green hydrogen technology firm Plagazi has been selected to receive a EUR-29.5-million (USD 32.1m) grant from the EU Innovation Fund to advance its flagship project for waste-to-circular hydrogen production.

Plagazi develops technology that can convert all types of waste, including non-recyclable, into green hydrogen through plasma gasification by exposing it to a temperature higher than 3,000°C. The EU support will help it scale its projects, the company said in a recent statement.

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The Swedish firm’s project was chosen as one of 85 to receive a combined EUR 4.8 billion in grants from the Innovation Fund under the 2023 call for proposals.

Earlier this year, Plagazi attracted the European Investment Bank (EIB) as a partner in its Koping Hydrogen Park (KHP) project at home. The lender agreed to provide free-of-charge financial advisory support for the initiative.

The KHP project targets a production capacity of 12,000 tonnes of green hydrogen annually from 66,000 tonnes of unrecyclable waste and will provide the Koping municipality with 10 MW of district heating. It is expected to be one of the largest circular hydrogen production sites in Sweden and Europe.

(EUR 1 = USD 1.089)