The European Commission launches a pilot auction to support renewable #hydrogen production.
The EU’s #Innovation Fund will finance this key #decarbonization technology with up to €800mln.
The objective is to connect supply and demand for renewable hydrogen and create transparency about price points, which will help kickstart a European hydrogen #market.
In turn, this will help accelerate the EU’s clean #EnergyTransition while maintaining our competitiveness and preserving Europe’s position as a leading #global economic power.
In Spring 2024, the European Commission will launch the second round of auctions, reaching a total value of three billion euros.
European Hydrogen Bank is a great opportunity to support European #industry’s net-zero transition.
All industry players are invited to apply. The deadline is 8 February 2024.
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