The Ministry of Innovation will finance the first hydrogen valley in Bulgaria with 8 million euros

The Ministry of Innovation will finance the first hydrogen valley in Bulgaria with 8 million euros. The Hydrogen Valley project in Bulgaria is one of only 37 such in 20 countries and one of the 9 projects under the Horizon Europe Program for which the EC provides funding in the first call for project proposals in 2022. The project will be led by an international consortium. The initial investment is EUR 30 million, of which EUR 8 million will be from The Ministry of Innovation and Growth through the new scientific program and EUR 8 million – from the EC – under “Horizon Europe”. Its construction should start already in 2023.

The adoption of the Hydrogen Roadmap, with a “green hydrogen” focus will open up a highly promising innovative segment as well as a number of new investment opportunities. Work is also underway on the project for the first Hydrogen Valley in Bulgaria as the country strives to be one of the leaders on a global scale.

Minister of Innovation and Growth Alexander Pulev emphasized that there are about BGN 140 million for pilot projects with a focus on “green hydrogen” and biogas.

 Additional financial opportunities are also available under the new “Competitiveness” program at MIG, where you can apply for financing of hydrogen technologies under the procedures for development and implementation of innovations, which will be announced in the coming weeks and months.

Alexander Pulev, Bulgaria Minister of Innovation and Growth

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