The European Commission issued a public call for the European Hydrogen Bank pilot auction with an initial budget of EUR 800 million. Renewable hydrogen producers will be able to bid for a fixed premium of up to EUR 4.5 per kilogram for a maximum of 10 years to support their projects. Just over a year after European Commission President Ursula von der Leyen unveiled a plan for a...
Hydrogen Bank
(Bloomberg) -- Namibia’s hydrogen industry has the potential to provide a substantial boost to the economy over the next seven years, its central bank governor said.Most Read from Bloomberg“By 2030, it could contribute $4.1 billion to gross domestic product, which is 32% more than 2030 GDP estimates without a hydrogen industry,” Johannes !Gawaxab told attendees at a Bloomberg ‘Namibia in Focus’...
The European Commission launches a pilot auction to support renewable #hydrogen production. The EU's Innovation Fund will finance this key decarbonization technology with up to €800mln.The objective is to connect supply and demand for renewable hydrogen and create transparency about price points, which will help kickstart a European hydrogen market. In turn, this will help accelerate...
Ursula von der Leyen delivering a video message to last week's European Hydrogen Week conference in Brussels.Photo: Leigh Collins/Hydrogen Insight Source link...
Maroš Šefčovič, the European Commission's executive vice-president, who oversees the European Green Deal, in discussion with EC President Ursula von der Leyen at a commissioners' meeting in Brussels.Photo: Shutterstock Source link...
South Africa has the potential to become a leading producer of green hydrogen. Green hydrogen will be in high demand as countries aim to reduce carbon emissions, especially in sectors like transportation and heavy industries. The country is actively pursuing the Hydrogen Economy as a strategic development opportunity, aiming to capture a significant share of the global hydrogen market thereby...
The European Hydrogen Bank recently announced the winners of its first competitive auction to provide financial support for renewable hydrogen projects. Among them, Spain-based DH2 Energy’s Hysencia project attracted a great deal of interest for its commitment to green hydrogen production. This announcement testifies to the growing importance of renewable hydrogen in Europe’s...
This report examines the potential role of multilateral development banks (MDBs) in ensuring that Global South producer countries secure sustainable development benefits from green hydrogen development. Green hydrogen and development finance The analysis is founded on a dual rationale. First, it recognises that green hydrogen presents both opportunities and risks for the sustainable...
EU review of 11 existing adequacy decisions European Commission Source link...
While celebrating May Day this year, many people may have missed what could turn out to be a major piece of news for Finland's future.It was the announcement of a 45-million-euro grant in aid by the EU's European Hydrogen Bank to the Finnish company Nordic Ren-Gas, which aims to build a production plant for renewable fuels in Lahti.The company was judged to be the most competitive of the hundreds of...