🌍💧 EU Launches €1.2 Billion Hydrogen Auction 🚢⚡

The European Commission has launched its second European Hydrogen Bank auction, with €1.2 billion in funding to accelerate renewable hydrogen production in the European Economic Area: - €1 billion is allocated for renewable hydrogen projects in any sector. - €200 million is reserved for projects specifically targeting the maritime sector. Applications are open until February 20, 2025, and successful projects will sign grant agreements within nine months after the bidding closes. This initiative focuses on advancing Europe’s hydrogen capacity while ensuring resilience against supply chain dependencies. It is funded through revenues from the EU Emissions Trading System, reflecting the Commission’s broader commitment to decarbonization and industrial competitiveness.

October 2026

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