The designated European Commission president is being heavily lobbied by the European hydrogen industry to ringfence the EUโs upcoming โฌ1.2 billion hydrogen subsidy auction to favour EU producers.
Several European hydrogen players have signed cooperation agreements with their Japanese counterparts amid an EU visit to Tokyo โ where tackling Chinaโs clean tech dominance is becoming a priority.
The European Commission announced on Tuesday (30 April) the winners of its first auction to allocate subsidies for hydrogen production, with most of the โฌ720 million awarded going to projects in the Iberian peninsula.
The EU has already made strides with hydrogen energy โ but thereโs so much more that can be done in order to secure a more sustainable and secure future.
The EU’s Hydrogen Bank has begun operations and is offering โฌ800 million to hydrogen producers to kickstart demand for the fuel crucial to industrial decarbonisation. By 2030, Europe wants to produce 10 million tonnes of renewable hydrogen annual…
The European Commission will inaugurate this week its much anticipated Hydrogen Bank in order to support the increase of renewable hydrogen in the EU’s energy mix.
Demand for renewable hydrogen in Europe is expected to hit 8.5 million tonnes by 2030, far below the EU’s planned 20 million tonnes, according to the industry, which calls for a shift in strategy to ramp up supply and demand.
