StoryFunding
European Commission approves €2 billion state aid for ThyssenKrupp's hydrogen-powered DRI project
The European Commission approved €2 billion in state aid for ThyssenKrupp Steel's tkH2Steel project on July 20, 2023, under Germany's Important Projects of Common European Interest (IPCEI) hydrogen initiative. Funding combines federal and North Rhine-Westphalia state support to replace blast furnaces with hydrogen-capable DRI production.