The European Commission on Friday approved a 5.4-billion-euro ($5.4 billion) hydrogen project jointly funded by 15 EU countries and 35 companies including Alstom (ALSO.PA) and Daimler Truck (DTGGe.DE), seeking to gain the edge in an innovative sector.

Other participating companies include Ansaldo, Bosch, Enel (ENEI.MI), Fincantieri (FCT.MI), Orsted (ORSTED.CO) and Plastic Omnium (PLOF.PA). The group will take part in 41 projects in the hydrogen scheme focusing on generation of hydrogen, fuel cells, storage, transportation and distribution of hydrogen and end-users applications, in particular in the mobility sector.

EU Launches 5.4-Billion-Euro Hydrogen Project with Alstom, Daimler, Others | Devamı>>>

Societal pressure and emissions policies are speeding up innovation in the world of energy. At the same time, increasing competition is pushing companies to become more efficient.

A range of businesses from the likes of Google and Facebook to Nestle are now opting to use more sustainable energy sources such as solar and wind. However, to make the most of renewable technology, business will need to embrace new technologies.

At Schneider Electric we see first-hand that companies are increasingly willing to test out new cleantech to create operational efficiencies, reduce environmental impacts, and cut costs — or even potentially generate ROI.

Technologies That Will Revolutionise Energy | Devamı>>>