Hydrogen Bank

EU Allocates .6B to Accelerate Hydrogen, Heat Decarbonization and Net Zero Industrial Technology

EU Allocates $5.6B to Accelerate Hydrogen, Heat Decarbonization and Net Zero Industrial Technology

• €5.2bn in EU ETS revenues channelled into three new 2025 Innovation Fund programmes• €2.9bn for net-zero technologies, €1.3bn for clean hydrogen auctions, €1bn for industrial process heat• Additional €1.765bn in national co-funding from Germany and Spain for hydrogen and industrial heat projects Brussels opens the next round of large scale climate-technology funding with a...

Seven projects drop out of EU H2 bank negotiations

Seven projects drop out of EU H2 bank negotiations

Seven renewable hydrogen projects — representing more than 75pc of the capacity and funding allocated in the European Hydrogen Bank's second auction round — have withdrawn from the process, prompting the EU to invite 10 new plants to enter award negotiations.Of the 15 projects initially selected, "seven chose not to proceed with the grant agreement procedure or were unable to provide the signed...

Six winners of the 2024 Innovation Fund hydrogen auction sign grant agreements, advancing renewable hydrogen rollout in the EU

Six winners of the 2024 Innovation Fund hydrogen auction sign grant agreements, advancing renewable hydrogen rollout in the EU

Six projects selected in the 2024 Innovation Fund Auction for renewable hydrogen production (IF24 Auction) have signed their grant agreements, receiving a total of €270.6 million, sourced from EU Emissions Trading System revenues. Two of these projects were awarded under the dedicated maritime topic, receiving more than €35 million to supply renewable hydrogen to maritime off-takers.The auction...

EU Member States to abandon 42% RFNBO hydrogen target in 2026: WoodMac

EU Member States to abandon 42% RFNBO hydrogen target in 2026: WoodMac

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