Seldom grabbing hydrogen policy headlines, Europe has gone from strength to strength in recent years on its drive to secure global hydrogen leadership.
The first pilot Hydrogen Bank round, offering €800m ($826m) to support renewable hydrogen producers with up to €4.5/kg ($4.85), has attracted over 130 projects. European Commission President, Ursula von der Leyen, also revealed plans for a second round, with a volume of €3bn ($3.2bn), expected to launch this spring.
Germany has taken advantage of the Commission-backed plans to launch its own national renewable hydrogen auction. It earmarked €350m ($377m) from its budget to support additional projects that are not selected by the union-wide auctions.
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