EU Awards $1.3B in Subsidies for Cleaner Hydrogen Production
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EU awards over €1 billion to European hydrogen projects to accelerate the clean transition
EU awards over €1 billion to European hydrogen projects to accelerate the clean transition Today, the European Commission has selected nine hydrogen production projects under the third auction of the European Hydrogen Bank (EHB). Across seven countries in the European Economic Area, the projects are expected to provide almost 1.1 giga-watts of electrolyser capacity and produce over 1.3 million tonnes of hydrogen over their first 10 years of oper…
Hydrogen Europe welcomes the level of competition of the third hydrogen bank auction Nine projects have been selected from three baskets for a total of 1.09 billion euros. And new countries, including Greece and Austria, are among the winners. Yesterday, the European Hydrogen Bank published the results of its third auction. In its press release, the European Commission states that the selected projects will apply in seven countries of the Europe…
EU allocates 1.1 GW of electrolyzer capacity in third hydrogen auction, lowest bid comes in at €0.44/kg
The European Commission has allocated €1.09 billion in support through the third European Hydrogen Bank auction, selecting nine projects across seven countries. The procurement exercise was significantly oversubscribed with 58 bids from 11 countries. It awarded fixed hydrogen production premiums ranging from €0.44 ($0.51)/kg to €3.49/kg.The European Commission has allocated 1.1 GW of electrolyzer capacity in the third hydrogen auction it launche…
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