Eastern european hydrogen energy storage center tender announcement

About Eastern european hydrogen energy storage center tender announcement

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6 FAQs about [Eastern european hydrogen energy storage center tender announcement]

Will there be a 3rd European hydrogen tender in 2025?

The Commission said that a third tender is planned for the end of 2025 with a budget of up to EUR 1 billion. (EUR 1 = USD 1.126) The European Commission (EC) has awarded EUR 992 million (USD 1117.2m) to support 15 renewable hydrogen production projects in the second auction under the European Hydrogen Bank (EHB).

How many bids did the European hydrogen bank receive?

The European Hydrogen Bank ’s second auction for the production of renewable hydrogen has attracted 61 bids from projects in 11 countries within the European Economic Area (EEA). Eight of the bids were submitted under the dedicated maritime topic by hydrogen producers with off-takers in the maritime sector.

How many renewable hydrogen production projects are in the EEA?

... Today, the Commission announced the selection of 15 renewable hydrogen production projects for public funding across the European Economic Area (EEA).

When will the European hydrogen bank auction end?

A third European Hydrogen Bank auction is planned for end 2025 with a budget of up to €1 billion. The second domestic auction for the production of renewable hydrogen via the Innovation Fund closed on 20 February 2025.

What is the European hydrogen bank & Innovation Fund?

The winning bidders, winners of the second European Hydrogen Bank auction with Innovation Fund funding, will produce renewable hydrogen in Europe with a subsidy that will help close the price difference between their production costs and the market price, accelerating the deployment of cleaner fuels.

Which countries are participating in the European hydrogen bank auction?

Under the second auction of the European Hydrogen Bank , Spain, Lithuania, and Austria have participated in this scheme, as announced in November 2024, with the contribution of up to €836 million in national funds. The Commission invites other Member States to take advantage of this service. Next Steps