Hydrogen Bank

Austrian state-owned oil and gas firm OMV is preparing to begin construction of a 140MW green hydrogen plant in Bruck an der Leitha, after the project was “positively assessed” for funding by the European Hydrogen Bank (EHB).Siemens Energy will supply the electrolysis technology, lead the engineering, procurement, and construction (EPC) consortium, and contribute its plant...

Representational image. Credit: Canva The African Development Bank’s Sustainable Energy Fund for Africa (SEFA) has opened a new Call for Proposals under its Green Hydrogen Programme. This call is aimed at private sector companies across Africa that are developing projects related to green hydrogen or its derivatives. The goal is to support early-stage projects that can help...

The African Development Bank’s Board of Directors has approved a $10 million loan to Hyphen Hydrogen Energy, a Namibian green hydrogen development company, to support a green ammonia project valued at more than $10 billion and with the potential to position Namibia as a pioneer in the global green hydrogen economy. The loan, sourced from the Sustainable Energy Fund for Africa (SEFA), will support...

Six green hydrogen projects selected for per kilogramme subsidies in the second European Hydrogen Bank auction have signed grant agreements representing €270.6m ($317.5m).The projects, located in Finland, Spain, and Norway, will receive between €0.33 ($0.39) and €1.88 ($2.21) per kilogramme of renewable fuels of non-biological origin (RFNBO)-compliant produced over 10...

Completion guarantees, tight operational deadlines, and weak demand signals drove green hydrogen projects away from signing grant agreements under the second European Hydrogen Bank (EHB) auction, according to Hydrogen Europe.The assessment comes after just six of 18 projects invited to negotiate under the €1bn ($1.17bn) second EHB round signed up to receive 10-year production...

Spanish state-owned bank the Official Credit Institute (ICO) has awarded €12.8m ($14.9m) to support the deployment of 30 hydrogen refuelling systems in the country.The grant will be allocated to hydrogen refuelling firm HVR, which plans to install 75 refuelling stations across Europe’s Trans-European Transport Network before 2030.HVR’s Activa platform is designed to be...

The African Development Bank has opened a $20 million funding call for green hydrogen projects across Africa. The announcement was made on April 8 via the bank’s official website, outlining a new financing initiative under its Sustainable Energy Fund for Africa (SEFA). The fund will support a select number of top-ranked projects with early-stage financing, offering up to $20 million in...

African Development Bank’s Sustainable Energy Fund for Africa Launches Call for Proposals for New Green Hydrogen Programme Up to $20 million in total available for strategic pre-investment support to eligible projects across Africa The African Development Bank’s Sustainable Energy Fund for Africa (SEFA) has launched a Call for Proposals under its newly established Green...

A Total Capacity of 381.25 MW Across Three Countries The six selected installations are located in Spain, Finland and Norway. They represent a combined capacity of 381.25 megawatts electric (MWe), with individual projects ranging from 5 to 200 MWe. The winning bids show prices ranging from €0.33 to €1.88 per kilogram of certified RFNBO (Renewable Fuel of Non-Biological Origin) hydrogen. The Finnish...

It ended with 58 offers the third auction of the European Hydrogen Bank, whose deadlines expired on 19 February. This was written by the European Commission on the page dedicated to the IF25 Hydrogen Auction, whose total budget was EUR 1.3 billion, of which EUR 600 million was for the production of RFNBO (renewable...