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...
Hydrogen Bank
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...
Germany-based Sunfire gets €100 million in EIB support for green hydrogen European Commission Source link...
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Equinor scraps green hydrogen plan for world's largest offshore wind farm Upstream Online Source link...
Plans to power green hydrogen production from a fourth phase of the world’s largest offshore wind farm have been scrapped after developers decided to focus solely on feeding electricity grids. The proposed Dogger Bank D project was unveiled a year ago by partners SSE and Equinor, with plans to add up to another 2GW of turbines to the 3.6GW already being built at the giant UK North Sea wind farm....
SSE and Equinor have scrapped plans to produce green hydrogen in the fourth phase of the Dogger Bank Wind Farm project in the UK, focusing entirely on power generation from the offshore wind farm. The decision follows the confirmation of an onshore grid connection location in the East Riding of Yorkshire. The up to 2 GW phase of the world’s largest offshore wind farm will connect to...