Commission approves €350 million German State aid scheme to support renewable hydrogen production European Commission Source link...
Hydrogen Bank
The European Hydrogen Bank's (EHB) concluded its first auction in February 2024, with an overwhelming 132 bids from 17 European countries, the requested support vastly surpassed the allocated budget of EUR800mn from the Innovation Fund. The auction aims to provide for 8.5GW of electrolyzer capacity in the bloc, which has the potential to produce 8.8 million metric tons of renewable hydrogen within a...
Joint EU-Germany statement on Germany's participation in the European Hydrogen Bank “Auctions-as-a-Service ... European Commission Source link...
Cleantech company Plagazi has revealed that the European Investment Bank (EIB) will provide financial advisory for the Köping Hydrogen Park in Sweden.Courtesy of the European Commission; Photo by Mauro Bottaro According to Plagazi, the services will be provided free of charge and will pertain to financial advisory for the project development of the park. “This support, comparable to a...
The services will pertain to financial advisory for project development in Köping Hydrogen Park and will be provided by the European Investment Bank (EIB) free of charge. This support, comparable to a grant, will provide invaluable expertise to the development of Köping Hydrogen Park when it comes to furthering the project...
Germany will be the first member state to take part in the new EU mechanism ‘Auctions-as-a-service’ of the European Hydrogen Bank, with the federal government providing an additional €350 million for electrolyzer projects in Germany.Courtesy of the European Commission; Credit: Mauro Bottaro These are in addition to the €800 million that the EU Innovation Fund provides for projects across...
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To meet the global target for clean hydrogen of 10-15% of energy use by 2050 we need to produce 40m tonnes by 2030. The rich OECD countries simply do not have the renewables resources to do it alone. So there must be a global effort to actively support hydrogen production in Emerging Markets and Developing Countries (EMDCs), explain Carolina Lopez Rocha and Dolf Gielen at the World Bank Group and Ignacio...
Germany is becoming the first Member State to participate in the EU’s Auctions-as-a-Service scheme under the European Hydrogen Bank. Through participating in the European Hydrogen Bank, Germany is set to make €350m available from its national budget for hydrogen production in the country. This investment is on top of the €800m already foreseen for European projects from the EU Innovation...
European firms sign deals to support new hydrogen production facilities reports Edison Energy update
The momentum that got underway in Q4 is set to increase as EU regulations now require green hydrogen producers to source renewable electricity through power purchase agreements. Under the European rules, eligible facilities must be no older than 36 months, and government aid cannot be used to subsidise the facility. The milestone news is tempered somewhat by ongoing renewable project permitting and grid...