European Commission president Ursula von der Leyen
EU to hold €800mn hydrogen auction
The bloc will award projects with a fixed premium per kilogram of renewable hydrogen produced
The European Commission will launch its first auction for supporting renewable hydrogen production within the bloc this autumn, in an effort to match incentives offered by the US Inflation Reduction Act. Winning bids will be awarded a fixed premium per kilogram of hydrogen produced over a ten-year period through the EU’s Innovation Fund, although the bloc has not disclosed what this premium will be. The Commission has budgeted €800mn ($873.76mn) for the auction and is expected to release further details this June. The Commission also plans to introduce a competitive bidding mechanism to subsidise the production cost of components for wind and solar energy, batteries and electrolysers. It exp
Also in this section
30 May 2025
Pressure is growing on developers to prove the bankability of their projects in a challenging market for green hydrogen
23 May 2025
Investors remain committed to development but are waiting on greater international market certainty
22 May 2025
The government has ambitions to scale up production and become a major exporter by the end of the decade
21 May 2025
Half of winning bidders are based in southern European country as €1b auction clears at lower-than-expected levels
