European Hydrogen Bank | Auction – GWC Mag

The European Commission launches a pilot auction to support renewable #hydrogen production.
 
The EU’s Innovation Fund will finance this key decarbonization technology with up to €800mln.

The objective is to connect supply and demand for renewable hydrogen and create transparency about price points, which will help kickstart a European hydrogen market. 

In turn, this will help accelerate the EU’s clean EnergyTransition while maintaining competitiveness and preserving Europe’s position as a leading global economic power. 

In Spring 2024, the European Commission will launch the second round of auctions, reaching a total value of three billion euros.

Hydrogen Bank is a great opportunity to support European industry’s net-zero transition.
 All industry players are invited to apply, deadline is 8 February 2024.

 

 

Finance for the Green Economy