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European Commission Launches Inaugural €800 Hydrogen Bank Auction

In a significant stride towards decarbonizing the EU’s energy sector, Members of the European Parliament (MEPs) and the Spanish Presidency of the Council have reached a consensus to facilitate the integration of renewable and low-carbon gases, including hydrogen, into the EU gas market.

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The European Commission has marked a significant stride towards a sustainable energy future by designating crucial projects, including a hydrogen initiative in Sines and a maritime hydrogen pipeline, as projects of common interest.