Austria will provide EUR 274.8 million (USD 320.3m) to support four national hydrogen projects as the country aims to become a central hub for green hydrogen in Europe, the Federal Ministry of Economy said on Monday.

The funding decision by the ministry was made in October 2025, with implementation handled by state-owned promotional bank Austria Wirtschaftsservice GmbH (aws).

The financing scheme is part of Austria’s plan to invest EUR 820 million between 2024 and 2026 in hydrogen production, storage, and infrastructure. The spending is regulated under the hydrogen promotion act.

In addition, Austria is preparing the gas industry act, which will create the legal framework for a national hydrogen starter network and integration into the European hydrogen grid. The law is expected to be implemented by the middle of 2026.