The European Commission has released details on how the bank will work
Industry welcomes EU Hydrogen Bank rules
Extension of completion period, raised ceiling price and reduction in required grant collateral will make applications easier, says Hydrogen Europe
The European Commission has released more details about the pilot auction for its Hydrogen Bank, aimed at incentivising green hydrogen production within the EU. The auction will open on 23 November and award producers a total of up to €800m ($869m) in the form of a fixed premium, with priority given to the lowest bidders. The maximum grant amount for any one project will be limited to €266.7m. Projects can come into operation five years after signing the contract, and bidders will be required to provide a guarantee, issued by a bank or other financial institution, for 4% of the grant amount. The project sets a maximum bid for the fixed premium of €4.5/kg. No upper or lower limits to the ex
Also in this section
31 March 2025
Saudi Aramco’s blue hydrogen progress is a clear reminder that energy companies pivoting in search of greater returns may not be throwing the H₂ baby out with the bathwater
27 March 2025
Awards celebrate global innovation, leadership and achievement across the energy sector’s people, projects, technologies and companies.
27 March 2025
Region has all the ingredients to become a green hydrogen powerhouse but faces plenty of barriers and stiff competition
21 March 2025
European Hydrogen Bank auction is four times oversubscribed, while industry remains on pause in US amid IRA subsidy uncertainty
