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Solhyd has been awarded €7.5 million from the European Innovation Council's EIC Accelerator to accelerate the industrialization of its modular hydrogen technology. This funding includes a €2.5 million grant and up to €5 million in equity investment.

The financial support is intended to facilitate the scaling of technology and manufacturing processes, enabling faster deployment in the market. Solhyd emphasizes that its solar-powered model can achieve energy costs that are four times lower than conventional methods.