EU evaluates hydrogen auction options
A number of different options for design are being evaluated by the Commission following the closure of its consultation
The European Commission is investigating various mechanisms for its pilot hydrogen auctions to be held later this year. The EU’s executive body recently closed a consultation on the design of the scheme and will announce the details in June. The first pilot auction, with a budget of €800mn ($855mn), is due to be held before the end of 2023. The Commission says the scheme will have a similar impact as the production tax credit offered under the US Inflation Reduction Act, providing hydrogen suppliers with a fixed price that they will be paid to produce a kilogram of hydrogen. The mechanism will be targeted at purchasing domestic EU hydrogen with funds from the EU Emissions Trading System (ETS
![](/images/white-fade.png)
Also in this section
26 July 2024
European offtakers and strategic investors start to unlock North African country’s vast potential as a green hydrogen and ammonia supplier
25 July 2024
Investment in 100MW green hydrogen facility in Germany comes as oil major’s wider transition strategy comes under scrutiny
24 July 2024
World’s largest green fertiliser supply agreement puts Villeta project in Paraguay on track for FID later this year
23 July 2024
Awards experience 20% increase in nominations this year, with submissions from 27 countries