BAKU, Azerbaijan, April 5. The European Commission has greenlit a €350 million initiative by Germany aimed at bolstering the production of renewable hydrogen, Trend reports via the Commission. This initiative, facilitated through the innovative "Auctions-as-a-Service" tool of the European Hydrogen Bank, aligns closely with the objectives outlined in the REPowerEU Plan and the European...
Hydrogen Bank
Commission approves €350 million scheme to support renewable hydrogen production in Germany. The European Commission has approved, under EU State aid rules, a €350 million German scheme to support the production of renewable hydrogen through the European Hydrogen Bank‘s “Auctions-as-a-Service” tool. The German measure is in line notably with the objectives of...
European Hydrogen Bank: 132 auction bids from 17 countries In a press release, the European Commission announced that the bids received following the auctions launched by the European Hydrogen Bank far exceeded the planned budget of 800 million euros. A large number of renewable hydrogen producers responded to the call. Kurt Vandenberghe, Director-General for Climate Action, stated that “the...
On 14 September 2022, in the Letter of Intent to President Metsola and Prime Minister Fiala, President Von der Leyen announced a proposal to create a EU Hydrogen Bank among the key new initiatives for 2023. In the State of the Union speech, President Von der Leyen said that hydrogen can be a game changer for Europe, and it is needed to move European hydrogen economy from niche to scale. REPowerEU...
The European Commission has announced that its pilot auction for green hydrogen production has attracted 132 bids from projects across 17 European countries that, if fully realized, could meet nearly 10% of the EU’s ambition for domestic green hydrogen production in 2030....
The European Commission’s pilot European Hydrogen Bank auction has received 132 bids from 17 European countries, which “far exceeds” the auction’s budget of €800 million ($862m), the EC said Monday. Launched in October 2022, the European Hydrogen Bank has a total budget of €3 billion to support renewable hydrogen production in Europe. Auction winners will receive a fixed premium of...
Indian conglomerate Adani, which is chaired by billionaire Gautam Adani, is in talks with at least six international banks to secure up to $3bn in loans to support green hydrogen projects in India, according to reports. The news come just a year after its green hydrogen partnership with French oil giant TotalEnergies collapsed amid allegations of fraud against Adani, which the Indian company denies,...
European Commission encouraged by high demand for production subsidies offered through first pilot of European Hydrogen Bank auction The European Commission aims to launch a second auction of electrolytic hydrogen production subsidies by the end of the year after an initial pilot auction was heavily oversubscribed. The...
The second €2.2bn ($2.4bn) auction of green hydrogen subsidies under the EU’s European Hydrogen Bank is set to be delayed by months in order to gather information from the first round, Hydrogen Insight has learned. The next bidding round is now scheduled to take place this autumn, rather than in the spring as initially announced, although no final decision has been taken by the European Commission...
The European Commission‘s pilot European Hydrogen Bank auction has received 132 bids from projects across 17 European nations, which far exceeds the available €800 million (~$865 million) budget. Collectively, the bids propose an electrolyzer capacity of 8.5 GW. This capacity is expected to generate 8.8 million tons of renewable hydrogen over a decade, covering nearly 10% of the European Union’s...