Europe will hold the next hydrogen auction in December backed by €1.2bn funding, European Commission President Ursula von der Leyen confirmed today (7th November).
She relayed news of the funding in a video message at the Renewable Hydrogen Summit in Brussels.
The new funding round includes a new clause that specifically encourages the use of equipment from European companies. “Because they are the very innovators that pioneered renewable hydrogen tech in the first place. This secures Europe’s energy independence. And this creates good jobs here in Europe,” she said.
The first auction under the European Hydrogen Bank saw almost €700m disbursed to projects.
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