EU Hydrogen Bank awards keenly contested pilot auction
- Competitive Prices: Bids ranged from a low of EUR 0.37 to a maximum of EUR 4.5 per kilogram of hydrogen.
- Significant Support: Seven projects emerged victorious, bidding for subsidies between EUR 0.37 and EUR 0.48 per kilogram. These projects will receive Innovation Fund grants ranging from EUR 8 million to EUR 245 million.
On 30 April 2024, the European Commission unveiled the results of the pilot European Hydrogen Bank (EHB) auction, designed to support the creation of new facilities producing hydrogen from renewable electricity. The auction, launched on 23 November 2023 ...
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