The European Commission (EC) has approved a €900 million French scheme to support companies investing in the use of biomass and renewable hydrogen in energy and fuel production, to foster the transition towards a net-zero economy.Courtesy of the European Commission; Credit: Mauro Bottaro According to the EC, the scheme was approved under the State Aid Temporary Crisis and Transition Framework,...
Hydrogen Bank
The EU Commission made history by approving $380M (€350m) German scheme to bolster renewable hydrogen production in Germany. The scheme was released this month under the EU state aid rules. It would be operated exclusively through the European Hydrogen Bank’s “Auctions-as-a-Service” tool. REPowerEU and The European Green Deal have set a concrete plan to move away from fossil fuels and embrace the...
Commission approves €350 million German State aid scheme to support renewable hydrogen production European Commission Source link...
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...