EU awards over €1 billion to European hydrogen projects to accelerate the clean transition
Today, the European Commission has selected nine hydrogen production projects under the third auction of the European Hydrogen Bank (EHB). Across seven countries in the European Economic Area, the projects are expected to provide almost 1.1 giga-watts of electrolyser capacity and produce over 1.3 million ton...
The funding from the European Commission aims to accelerate Europe's transition towards clean hydrogen production, which is expected to help reduce emissions from energy-intensive industries such as transport and chemicals. The Auctions-as-a-Service feature allows member states to use national resources to support projects in their own territories, reducing administrative burden and ensuring a coordinated allocation of public support across Europe. The selection process for the projects involved...
