European Energy was selected among the three winning projects of the German auction-as-a-service procedure made available to EU member states by the European Hydrogen Bank (EHB), which had a total budget of EUR 1.2 billion. The Danish company has obtained a total financing of up to 228 million euros, which will support...
Citi, India review push to accelerate solar, hydrogen growth Asian Banking & Finance Source link...
German funding supports expansion of European Energy’s Power-to-X plans with additional hydrogen production at Kassø site in Denmark.European Energy has been awarded support under the German government’s hydrogen auction framework linked to the European Hydrogen Bank (EHB), as one of three selected projects. European Energy has been awarded support under the German government’s hydrogen auction...
The European Commission has opened funding calls for the third European Hydrogen Bank auction, which will provide up to €1.3bn ($1.5bn) to clean electrolytic hydrogen projects.This iteration of the auction marks the first time that the EU will fund low-carbon, non-exclusively green hydrogen, following the adoption of rules governing additional production pathways in...
Written by Martin Lynch, European News Editor for IIR News Intelligence (Galway, Ireland)SummaryAustria's largest green hydrogen project has won a funding boost of 123 million euro (US$144 million).The largest green hydrogen project in Austria has been given a 123 million-euro (US$144 million) boost by the state-owned Austria Wirtschaftsservice (AWS) bank.Construction is...
The European Commission on Wednesday approved €1.3 billion ($1.5 billion) in German state aid for the production of renewable hydrogen to cut greenhouse gas emissions and dependence on Russian fossil fuels. * The German programme is leaning on the European Hydrogen Bank's Auctions-as-a-Service, or AaaS, for the auction that closed in 2026, the Commission said in a...
The European Commission on Thursday selected nine hydrogen production projects under the third auction of the European Hydrogen Bank (EHB).Across seven countries in the European Economic Area, the projects are expected to provide almost 1.1 giga-watts of electrolyser capacity and produce over 1.3 million tonnes of hydrogen over their first 10 years of operation, with an estimated greenhouse gas...
The European Commission has approved a €1.3bn German state aid programme to expand renewable hydrogen production across Europe. The funding, cleared under EU State aid rules, will support projects selected through the European Hydrogen Bank’s “Auctions-as-a-Service” mechanism following the 2026 auction round. Germany’s plan is designed to finance new hydrogen infrastructure and large-scale...
The European Commission recently approved, under European Union (EU) State aid rules, a €1.3-billion (~$1.5-billion) German state aid scheme to support the production of renewable hydrogen through the European Hydrogen Bank's ‘Auctions-as-a-Service’ tool for the auction that closed in 2026.The scheme will contribute to the objectives of the Clean Industrial Deal to accelerate the decarbonisation...
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