In Belgium, the European Commission reported that six out of seven European projects that had been selected for EU financial support in the Innovation Fund’s pilot hydrogen auction in April have signed their respective grant agreements. The awarded funding will help successful bidders to bridge the difference between their production costs and the price that industrial users are willing to pay for this emerging product. The commission said that this auction is one of the pillars of the European Hydrogen Bank (EHB) launched by the Commission in 2023, and uses revenues from the EU Emissions Trading System to support producers of hydrogen categorized as Renewable Fuel of Non-Biological Origin (RFNBO). The selected projects are located in four European countries: Spain (Hysencia and Catalina); Portugal (Grey2green II and MP2X); Finland (eNRG Lahti); and Norway (Skiga). “The Innovation Fund will support these projects with a fixed premium payment per kilogram of certified and verified renewable hydrogen produced. This means that no payments will be made before projects start production. From the time of the grant agreement signature, the projects have up to five years to start producing renewable hydrogen,” the commission added.
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