The European Commission said the scheme, aimed at supporting 200,000 tonnes of green hydrogen production per year, will offer two-way contracts for difference to subsidise production costs.However, it is not yet clear whether the €6bn budget will be fully utilised to deliver the targeted 200,000 tonnes per year, with actual funding needs likely to depend on auction results.Producers will be offered a...
Polish and Hungarian trade bodies are looking to set up a regional green hydrogen subsidy programme to boost production across Central Europe.Hydrogen Poland and the Hungarian Technology Association (HHTA) signed a memorandum of understanding (MoU) to cooperate on hydrogen regulations and the start-up of green ammonia production across the region.They are exploring the...
A new European clean hydrogen lobby group is calling on the EU to “redesign” subsidy schemes to prioritise “industrially anchored” projects as developments struggle to reach final investment decisions (FIDs).The European Resilience Alliance for Clean Hydrogen & Derivatives (ERA) was launched at the European Parliament on Tuesday (14 April), calling for more support...
Germany opens €5bn subsidy scheme for industries to switch to hydrogen, electricity and carbon capture Hydrogen Insight Source link...
Nine cleaner hydrogen production projects have secured a total of EUR 1.09 billion ($1.28 billion) in grants under the third auction of the European Hydrogen Bank. "Across seven countries in the European Economic Area, the projects are expected to provide almost 1.1 gigawatts of electrolyzer capacity and produce over 1.3 million tonnes of hydrogen over their first 10 years of...
Nine electrolytic hydrogen projects representing 1.1GW of capacity have been selected for over €1bn of funding under the third European Hydrogen Bank auction.The projects were awarded per kilogramme subsidies of between €0.44 ($0.52) and €3.49 ($4.11), with two Norwegian developments focused on supplying shipping securing the most lucrative incentives.The funding from the...
The Trump administration on Wednesday nixed funding for the Pacific Northwest Hydrogen Hub and several hundred other federally-subsidized clean energy projects in Democratic-led states. Democratic politicians from Oregon and Washington state immediately cried foul and vowed to challenge what they called an “illegal” clawback of Congressionally-directed spending. The tri-state...
Chile’s Ministry of Finance has submitted a $2.8bn green hydrogen tax credit bill to the country’s lower house.The “Bill to Promote the Green Hydrogen Industry” proposes to allocate tax credits through six competitive auctions between 2025 and 2030 to domestic offtakers purchasing green hydrogen.Separately, it offers special tax incentives to producers located in the...
The European Commission has signed off on a French subsidy scheme aiming to support the construction of 1GW of renewable and nuclear-powered hydrogen production capacity.The scheme will offer 15-year per-kilogramme subsidies to green and low-carbon hydrogen producers exclusively supplying industrial use cases where “no economically viable” electrification pathways...
*This content was translated by AI.Hyundai Mobility Japan Nexo/photo courtesy of Hyundai Motor Company =Hyundai Motor's Japanese subsidiary (Hyundai Mobility Japan) officially launched a new hydrogen electric vehicle "NEXO," an intensive hydrogen energy technology, in the local market on the 8th. The new Nexo operates in three trims: Voyage, Lounge, and Lounge+, and is equipped with a 162-L...
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