Plagazi, a Swedish green hydrogen technology firm, has been selected to receive a substantial €29.5 million (approximately USD 32.1 million) grant from the EU Innovation Fund. This grant is intended to advance the company’s cutting-edge project which focuses on transforming waste into circular hydrogen through a high-temperature plasma gasification process.

The process developed by Plagazi can convert various types of waste, including those that are not recyclable, into green hydrogen by exposing them to temperatures exceeding 3,000°C. The EU’s financial backing will enable Plagazi to scale its technology further, enhancing its capacity to support sustainable hydrogen production significantly.