The second H2Global auction has today (February 19) launched with €2.5bn ($2.6bn) allocated to subsidise green hydrogen imports into Europe.
Hintco, the German Government-funded investment vehicle behind the scheme, said the supply-side auction is organised into five lots – four regional and one global.
The regional auctions each have a minimum budget of €484m ($505m), focusing on purchasing hydrogen from North America, South America, Australia, Asia and Africa.
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