Austria plans to support domestic renewable hydrogen producers with a €400m ($432m) subsidy package backed by the European Hydrogen Bank (EHB).The Ministry of Climate Protection (BMK) and Ministry of Finance (BMF) intend to launch a renewable hydrogen auction round under the EHB’s Auction-as-as-Service (AaaS) scheme, to provide a fixed premium per kilogramme of hydrogen to subsidise production.A...
Hydrogen Bank
The European Commission (EC) published proposals for its Net-Zero Industry Act (NZIA) on 16th March 2023. It sets out measures to ready the EU’s regulatory framework for an increase in net-zero technology projects and forms part of a broader goal, set out in the European Green Deal1, of being the “first climate-neutral continent by 2050”. To accompany the NZIA, the EC also...
Green hydrogen is predicted to be a leading renewable energy source in the future, but production in Europe must ramp up massively to hit targets. In this episode of Business Planet, Euronews reporter Andrea Bolitho travels to Spain to see how a global leader in the renewable energy sector is maximising green hydrogen's potential.The EU's regulatory advisor for renewable energy giant,...
Grant agreements for successful projects under the €800m pilot European Hydrogen Bank auction round will be signed by November 2024 at the latest.Having received 132 bids from 17 European countries totalling 8.5GW of production capacity, the total support requested “far exceeds” the available €800m budget.Now, the European Executive Agency for Climate, Infrastructure and Environment (CINEA) is...
Germany's participation in the European Hydrogen Bank European Commission Source link...
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 the REPowerEU Plan and the European Green Deal Industrial Plan. It will contribute to further reducing imports of Russian fossil...
The European Commission will publish the results of its €800m ($869m) pilot auction for hydrogen subsidies on 30 April, policy officer Johanna Schiele announced today. Only last week, EU energy commissioner Kadri Simson told a gathering in Australia that the winners would be revealed in May. While Schiele — described as one of the architects of the European Hydrogen Bank support scheme for H2 —...
Deutsche Bank continues its support of the German-Australian Hydrogen Alliance. Deutsche Bank is pleased to announce that it is extending its partnership as presenting partner of the German-Australian Hydrogen Alliance. The bank will continue to actively participate in leveraging its expertise and global network to foster bilateral cooperation between Australia and Germany in...
The European Commission has approved a €350 million German scheme to support the production of renewable hydrogen through the European Hydrogen Bank’s ‘Auctions-as-a-Service’ tool. Courtesy of the European Commission / Photo by Mauro Bottaro According to the Commission, the German measure is in line with the objectives of the REPowerEU Plan and the European Green Deal Industrial Plan...
The European Commission (EC) has approved Germany’s request to award €350m ($379m) to domestic electrolysis projects bidding in to the recent European Hydrogen Bank (EHB) pilot auction — effectively piggy-backing its own scheme on top of the EHB’s €800m programme. The results of the vastly oversubscribed pilot auction are due next month, according to EU officials last week, and this latest...