Lithuania’s Ministry of Energy has launched calls for projects for the allocation of 50 million euros from the Modernisation Fund, to increase the green hydrogen production capacity of the country. The funds are expected to generate investments of up to 65 megawatts (MW) of green hydrogen production with an annual volume of more than 8,000 tons.
Currently, Lithuania’s economy mainly depends on fossil fuels, mostly consumed in the fertiliser industry, the transport sector and the electricity sector. The use of hydrogen in the industrial and transport sectors should significantly reduce carbon dioxide emissions and gradually reduce the impact of these sectors on the environment.
Applications with all necessary documents to receive State subsidies can be submitted until 22 August 2023.
The projects will be selected according to the criteria explained in the funding conditions. A maximum of 70 per cent will of the costs will be covered. Another important condition is that the projects will have to be implemented by the third quarter of 2027.