Initially revealed on Might 16, 2024.
The outcomes of the primary bidding course of inside the European Hydrogen Financial institution have been launched a couple of days in the past.
From a complete of 132 proposals acquired from 17 European nations, requesting greater than 15 occasions the out there funds of EUR 800 million, 7 initiatives have been chosen: 3 from Spain, 2 from Portugal, 1 from Norway and 1 from Finland.
The chosen initiatives 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 vitality in Europe and can obtain a subsidy for the worth distinction between their manufacturing prices and the market value of hydrogen, which is presently that of non-renewable manufacturing. The subsidy that the 7 initiatives 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 proposal value and subsequent analysis by the European Local weather, Infrastructure and Setting Govt Company. The proposals introduced ranged between EUR 0.37 and 4.5 per kilogram of renewable hydrogen produced. The successful proposals have been between EUR 0.37 and 0.48.
Collectively, the successful bidders plan to supply 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 is able to contribute to the decarbonization of European business. The renewable hydrogen they produce can be utilized in sectors reminiscent of metal, chemical substances, maritime transport and fertilizers.
Click on on the picture beneath for far more info (in Portuguese) together with:
-
Hydrogen Financial institution pilot public sale outcomes and continuously requested questions
-
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
-
EU-Germany joint assertion: Germany’s participation within the European Hydrogen Financial institution’s “auctions as a service” program
-
Press launch: State support authorization for Germany’s contribution to “auctions as a service”
-
Information: European Hydrogen Financial institution pilot public sale – 132 proposals acquired from 17 European nations
-
Innovation Fund Statistics
-
Innovation Fund Tasks
-
Innovation Fund
