The European Commission has published the final terms and conditions for its second European Hydrogen Bank (EHB) auction, awarding up to €1.2bn ($1.34bn) of subsidies for hydrogen projects.
Due to open on December 3, 2024, the auction will consist of two funding specifications – €1bn ($1.1bn) to support the production of RFNBO hydrogen and a €200m ($223m) budget for green hydrogen and derivatives set to be used in the maritime sector.
An off-taker will be considered to belong in the maritime sector if it uses the hydrogen or hydrogen derivative “for carrying out use of bunkering activities in ports within the EU.”
Successful bidders will receive a fixed premium of €4/kg ($4.82) for renewable hydrogen producers over ten years. H2 View understands the awards will be based on the lowest bids.
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