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...
Hydrogen Bank
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...
DH2 Energy wins the first European renewable hydrogen auction. The European Commission announced on Tuesday, April 30, the projects that have been awarded in the first European hydrogen auction and the Hysencia renewable hydrogen production project by DH2 Energy is one of the winners. Vincent Tessé, DH2 Energy Deputy General Manager, said: We are delighted that DH2...
BAKU, Azerbaijan, May 3. The European Commission has doled out nearly 720 million euros to seven renewable hydrogen projects across Europe, chosen through the inaugural competitive bidding process of the European Hydrogen Bank, Trend reports. These victorious contenders will churn out renewable hydrogen within Europe and snag subsidies to narrow the cost gap between their production expenses...
The Commission is awarding nearly €720 million to seven renewable hydrogen projects in Europe, selected through the first competitive bidding process under the European Hydrogen Bank, according to EU's release. The funds for this auction come from the revenues of the EU Emissions Trading System. The winning bidders will produce renewable hydrogen in Europe and will receive a subsidy to...
European Hydrogen Bank pilot auction results spark renewable hydrogen competitiveness. On Tuesday, 30 April, the results of the European Hydrogen Bank’s first auction were announced. Seven projects across the EU will receive a total of €720 million, with a plan to produce 1.58 million tonnes (Mt) of renewable hydrogen over ten years, avoiding more than 10Mt of CO2...
Seven projects across Finland, Norway, Portugal and Spain are set to receive a total of EUR 720 million ($771.6 million) in the inaugural award of the European Hydrogen Bank, a European Union funding program to scale up hydrogen production. “The winning bidders will produce renewable hydrogen in Europe and will receive a subsidy to bridge the price difference between their production costs and...