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European Commission Opens Second €1.2 Billion Hydrogen Auction to Boost Renewable Energy Projects

The European Commission (EC) has launched the second auction under the European Hydrogen Bank with a significantly enhanced budget of €1.2 billion, aimed at supporting Renewable Fuel of Non-Biological Origin (RFNBO) hydrogen production across the European Economic Area (EEA). This initiative, part of the Innovation Fund (IF24), seeks to propel the production of renewable hydrogen, crucial for the EU's energy transition strategies.

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