Two projects by Italian multinational corporations Enel Green Power and Eni to develop green hydrogen will receive public funding approved by the European Commission under IPCEI Hy2Use. Jointly prepared and notified by 13 EU Member States, this project of common European interests will allocate up to EUR 5.2 billion to support research and innovation, the first industrial application, and the construction of related infrastructure in the hydrogen value chain. South Italy Green Hydrogen, the joint venture set up by the two corporations to move forward with the development of the projects, will be the beneficiary of the funding provided. One of the projects is to be implemented at the biorefinery in Gela, Sicily, where a 20 MW electrolyzer will be installed. The other will be near Eni’s refinery in Taranto, in the Apulia region, where a 10 MW electrolyzer will be installed. Both will use PEM (polymer electrolyte membrane) technology. The two corporations have found that green hydrogen, produced using only renewable energy, is the most appropriate solution to drive the decarbonization of these two plants. The implementation of these projects may be covered by future agreements, which will be finalized in compliance with applicable regulations, including those on transactions between related parties. As for the green hydrogen segment, Enel Group is also working on several other projects in Spain, Chile, and the USA.