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European Commission approves up to €5.4B of public support for IPCEI Hy2Tech; 41 hydrogen projects

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The project, called “IPCEI Hy2Tech” was jointly prepared and notified by fifteen Member States: Austria, Belgium, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Italy, Netherlands, Poland, Portugal, Slovakia and Spain. The Member States will provide up to €5.4 billion in public funding, which is expected to unlock additional €8.8

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Battelle-R&D Magazine forecast predicts 5.2% growth in 2012 global R&D spending to $1.4+T, largely driven by Asian economies; US companies and tech providers to boost energy R&D spending by 23.1% to $6.7B

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According to the forecast, that R&D funding growth will largely be driven by Asian economies, which will see an increase in spending of nearly 9%. Greece is the only country among the world’s top 40 R&D spenders that is not expected to increase its R&D budget during the next year. in 2012 to more than $1.4 Click to enlarge.

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Euro Auto Production Down 35% in First Quarter 2009; Second Half Production May be Down 25%; Small Cars Hit New Record Share

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As the European economy stayed in recession, market demand for vehicles continued to suffer: over the first quarter, new passenger car registrations dropped by 17.2%, new commercial vehicle registrations by 35.7%; five months into the year, the decrease was 13.9% for commercial vehicles. in Greece, 11.8% in Austria, 5.1%

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MIT study cautions smaller nations on rushing to develop their natural gas resources; Cyprus as model

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The cost for these smaller nations makes up a larger portion of their economies, so before spending the money, they need to have the proper expectations. That’s a substantial amount of a country’s economy dependent on a resource that has proven to be unpredictable in the past. The analysis concluded that the BEP if $10.32/MMBtu

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