The renewable hydrogen produced by the selected projects will be used in sectors such as steel, chemicals, maritime transport, fertiliser production and more. Moreover, these projects will employ alkaline, proton exchange membrane (PEM) electrolysers, or a combination of both.
Out of 132 bids, 119 proposals were considered eligible and admissible. After being evaluated by the implementing body of the Innovation Fund, the European Climate, Infrastructure and Environment Executive Agency (CINEA), the projects were ranked from lowest to highest bid and awarded support in that order.
The submitted bids ranged from €0.37 to the ceiling price of €4.5 per kilogram of hydrogen produced.
The seven selected projects submitted bids between €0.37 and €0.48 per kilogram of RFNBO hydrogen produced and, based on the pay-as-bid design of the pilot auction, will receive an Innovation Fund grant ranging between €8 million and €245 million.
he European Commission just unveiled the draft Terms and Conditions (T&Cs) for this upcoming round.
Key design elements proposed for revision include:
1️⃣ Reduction of the auction ceiling price from 4.5 to 3.5 EUR/kg
2️⃣ Reduction of the maximum “Entry into operation” time from 5 to 3 years
3️⃣ Increase of the completion guarantee from 4% to 10%
4️⃣ Inclusion of a dedicated budget basket for projects with offtakers in the maritime sector
5️⃣ Request of more detailed information on the electrolyser’s origin and value chain as part of the electrolyser procurement strategy
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