Six of the seven projects earmarked for funding through the European Hydrogen Bank’s (EHB) pilot auction have signed grant agreements, while one project has pulled out.
With €720m ($790m) of funding granted to the seven projects across Spain, Portugal, Finland and Norway, the purse has now been cut to €694m ($763m) with Benbros Energy not progressing with its 60MW project in Spain.
Aiming to produce 65,000 tonnes of green hydrogen over 10 years, the project had been awarded €24.7m ($27m) in subsidies – €0.38/kg.
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