Right now is Thursday, Might 16, 2024.
The outcomes of the primary bidding course of inside the European Hydrogen Financial institution had been launched a couple of days in the past.
From a complete of 132 proposals acquired from 17 European international locations, requesting greater than 15 instances the accessible finances of EUR 800 million, 7 tasks had been chosen: 3 from Spain, 2 from Portugal, 1 from Norway and 1 from Finland.
The chosen tasks should begin producing hydroehrenewable inside a most interval of 5 years after signing the subsidy settlement, which should happen by November 2024.
Profitable bidders will produce hydroehrenewable power in Europe and can obtain a subsidy for the value distinction between their manufacturing prices and the market value of hydrogen, which is at present that of non-renewable manufacturing. The subsidy that the 7 tasks will obtain varies between EUR 8 million and EUR 245 million.
The choice course of consisted of an preliminary eligibility evaluation, adopted by a classification in line with the value of the proposal and subsequent analysis by the European Local weather, Infrastructure and Atmosphere Govt Company. The proposals offered ranged between EUR 0.37 and 4.5 per kilogram of renewable hydrogen produced. The profitable proposals had been between EUR 0.37 and 0.48.
Collectively, the profitable bidders plan to provide 1.58 million tonnes of renewable hydrogen over ten years, avoiding greater than 10 million tonnes of CO2 emissions.
Funding for this public sale comes from revenues from the EU Emissions Buying and selling System.
The European Hydrogen Financial institution is due to this fact supporting the enlargement of cleaner fuels, which can contribute to the decarbonization of European trade. The renewable hydrogen they produce will probably be utilized in sectors comparable to metal, chemical compounds, maritime transport and fertilizers.
Click on on the picture beneath for way more info (in Portuguese) together with:
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Hydrogen Financial institution pilot public sale outcomes and incessantly requested questions
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Press launch: Fee launches the primary public sale inside the framework of the European Hydrogen Financial institution with grants of EUR 800 million in favor of the manufacturing of renewable hydrogen
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EU-Germany joint assertion: Germany’s participation within the European Hydrogen Financial institution’s “auctions as a service” program
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Press launch: State support authorization for Germany’s contribution to “auctions as a service”
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Information: European Hydrogen Financial institution pilot public sale – 132 proposals acquired from 17 European international locations
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Innovation Fund Statistics
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Innovation Fund Tasks
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Innovation Fund
