The Commission will assess the auction bids and announce the winning projects next year
Bidding opens for EU hydrogen bank subsidies
Projects can now bid for the first tranche of funding from the EHB
The EU launched its European Hydrogen Bank (EHB) auctions on 23 November, allowing green hydrogen projects to bid for the first tranche of funding from a €3b ($3.27b) pot. Applicants were asked to submit applications via the European Commission's Funding and Tenders Portal, with the window closing on 8 February 2024. The Commission will assess the bids and announce the winning projects on an undisclosed date next year. “We are launching the first auction of the EHB backed by €800m in funding. This will attract private sector financing and result in commercial offtake agreements,” said European Commission President Ursula von der Leyen. The first phase of the mechanism will pay out a total of
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