The EU Commission has received 61 bids from projects in 11 countries for the European Hydrogen Bank’s second auction to produce green hydrogen. The total grant support requested is more than €4.8bn, four times the available budget of €1.2bn provided by the Innovation Fund, for a total electrolyser capacity of around 6.3 GW with a potential capacity to produce more than 7.3 Mt of renewable H 2 over a ten-year period. The green hydrogen producers have bid for support for a fixed premium per kilogram of renewable hydrogen produced over a period of up to 10 years that should cover the gap between the cost of production and the price buyers are currently willing to pay for renewable hydrogen.
Saturday, 31 May, 2025
