Tag: renewable hydrogen

Commission launches first European Hydrogen Bank auction

Posted on by Haptic

The Commission launched today the first auction under the European Hydrogen Bank to support the production of renewable hydrogen in Europe, with an initial €800 million of emissions trading revenues, channelled through the Innovation Fund. Producers of renewable hydrogen can bid for support in the form of a fixed premium per kilogram of hydrogen produced. The premium is intended to bridge the gap Read more about Commission launches first European Hydrogen Bank auction[…]

Innovation Fund: EU invests €3.6 billion of emissions trading revenues in innovative clean tech projects

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The Commission is awarding over €3.6 billion to 41 large-scale clean tech projects, to be financed through the EU Innovation Fund. With a focus on the REPowerEU Plan and phasing out Europe’s imports of Russian fossil fuels, these projects cover a wide range of industries, such as cement, steel, advanced biofuels, sustainable aviation fuels, wind and solar Read more about Innovation Fund: EU invests €3.6 billion of emissions trading revenues in innovative clean tech projects[…]

Commission approves €149 million Romanian scheme

Posted on by Haptic

The European Commission has approved, under EU State aid rules, a €149 million Romanian scheme made available through the Recovery and Resilience Facility (‘RRF’) to support the production of renewable hydrogen. The measure aims to contribute to the development of renewable hydrogen in line with the objectives of the EU Hydrogen Strategy and the EU Green Deal. The Read more about Commission approves €149 million Romanian scheme[…]