The first auction under the European Hydrogen Bank mechanism has cleared well below expectations, with the seven winning projects bidding at 37-48 euro cent/kg (40-51 cents/kg) for a total 1.5 GW of electrolysis. The EU will provide Eur720 million to the projects, which will produce 1.58 million mt of green hydrogen over 10 years, the European Commission said. The subsidy amounts range...
Hydrogen Bank
Electric Hydrogen secures $100M credit facility from HSBC, JP Morgan, Stifel Bank and Hercules Capital to decarbonize critical industries at scale. Today, Electric Hydrogen announced $100M in corporate credit financing to support manufacturing and deployment of their innovative 100MW electrolyzer plants, which enable the lowest cost production of green hydrogen. The funding was...
Banking giants back EH2's electrolyser deployments with $100m loan H2 View Source link...
Some €720 million ($773 million) has been awarded to seven green hydrogen and ammonia projects under the first pilot auction of the European Hydrogen Bank (EHB), an EU financing vehicle to help accelerate the growth of hydrogen production in the bloc. The results of the auction are interesting in what it says about the massive cost...
Two CIP projects successful in the first European Hydrogen Bank auction. The two projects are cornerstones in the future decarbonisation of European hard-to-abate energy sectors like shipping and heavy industries. Together, they represent a combined electrolyser capacity of 1,000 MW. Catalina is a hydrogen project with an electrolyser capacity of 500 MW located in Aragon in...
The European Commission has announced around €720m in funding to support seven European renewable hydrogen projects. The renewable hydrogen projects have been selected under the bidding system of the European Hydrogen Bank, with the funds generated through the revenues of the EU Emissions Trading System. The projects will be essential in meeting the EU’s targets for producing renewable hydrogen in...
Two hydrogen projects owned by CI Energy Transition Fund I, managed by Copenhagen Infrastructure Partners, have been successful in securing grants from the European Commission in its first European Hydrogen Bank auction. Catalina was awarded €230 million while Madoqua was awarded €245 million. The two projects are cornerstones in the future...