Enel Green Power and Saras JV SardHy Green Hydrogen for developing of green hydrogen in Sardinia, is among the Italian beneficiaries of the 5.2 billion euro public support approved by the European Union, within the IPCEI Hy2Use, aimed at supporting research and innovation, first industrial deployment and construction of relevant infrastructure in the hydrogen value chain. Formed as a result of the memorandum of understanding signed by the two companies in February 2021, the initiative is expected to see SardHy Green Hydrogen install a 20 MW electrolyzer at the Sarroch industrial site in the province of Cagliari. The plant, fueled exclusively by renewable energy from Enel Green Power, will be used to produce green hydrogen for the Saras refinery with the aim of reducing the carbon footprint of its refining processes. Hy2Use is Enel’s second green hydrogen project that, within the European Union, has been launched under IPCEI (Important Projects of Common European Interest), following the Hy2Tech project launched last July. The amount of funding available for this second round is 5.2 billion euros, which will go to support 35 projects planned by 29 companies from 13 Member States, including Italy; the four Italian companies admitted to the second IPCEI on hydrogen will receive a total of 500 million euros. The selected projects concern hydrogen infrastructure and its application in industry, the segment in which SardHy Green Hydrogen by Enel Green Power and Saras operate. The Saras Group, founded by Angelo Moratti in 1962, is one of Europe's leading operators in the energy and oil refining sector. Through the parent company Saras SpA and the subsidiaries Saras Trading SA, based in Geneva, and Saras Energia SAU, based in Madrid, the Group sells and distributes oil products on the domestic and international markets. The Group is also active in the power generation sector through its subsidiaries Sarlux Srl (IGCC plant) and Sardeolica Srl (wind farm).