The money will come from OMV‘s Future Energy Fund and the Vienna-based company’s refining, exploration, production and gas business units, OMV said today in an e-mail. The company chose six out of 25 submitted projects for funding. OMV said in June it would spend up to €100 million to set up a fund that will research and invest in power sources using geothermal and hydrogen-based energy. The OMV fund should lead to additional investments of as much as €500 million in renewable energy, the company said. (Bloomberg)