€1.2bn European Hydrogen Bank auction to take place in December

By Edward Laity on Nov 07, 2024

The European Commission’s President Ursula von der Leyen has confirmed the second European Hydrogen Bank (EHB) auction will be held in December (2024).

It was revealed earlier this year that €1.2bn ($1.29bn) will be available in the second auction, representing a €400m ($430m) increase from the previous auction, which saw €720m ($775m) awarded to seven projects last April.

Speaking during a video message at the Renewable Hydrogen Summit in Brussels, Belgium, today (November 7), von der Leyen stated that the new auction will have a new clause designed to encourage the use of equipment from European companies.

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€1.2bn European Hydrogen Bank auction to take place in December

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€1.2bn European Hydrogen Bank auction to take place in December

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