The European Union is launching this week the first auction of the European Hydrogen Bank, backed by €800 million in European funding.“In Spring 2024, we will launch the second round of auctions, reaching a total value of three billion euros,” added the European Commission president Ursula von der Leyen. The Commission already authorised over €17 billion in State Aid for around 80 hydrogen projects across the EU. It has signed hydrogen partnerships with countries ranging from Egypt, Kenya and Namibia, to Latin American countries.“Together with President Lula of Brazil, we are announcing the European Union's support to build one of the biggest hydrogen projects in the world, in the Brazilian State of Piaui.” The European executive is also holding talks with Kazakhstan, Australia and Oman.
Saturday, 22 February, 2025
