Close Menu
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
LinkedIn X (Twitter) YouTube Facebook
Trending
  • South Korea’s Largest Hydrogen-Only Fuel Cell Plant Begins Operation in Ulsan
  • Ingeteam Commissions Castilla y León’s First Green Hydrogen Plant
  • Norway’s Karmsund Hydrogen Project to Begin Operations in 2028
  • ITM Power Bets on ‘Hydrogen-as-a-Service’ with New German Subsidiary Hydropulse
  • Greece Weighs Hydrogen Ambitions Against Power Costs and Lack of Subsidies
  • Teesside to Anchor £96M Pipeline Push as Ofgem Backs East Coast Hydrogen Network
  • RIC Energy Secures Site for 220MW Hydrogen-Based E-Fuels Project in Castilla y León
  • ITM Power Gets FEED Contract for Uniper’s Humber H2ub
LinkedIn X (Twitter) YouTube Facebook
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
Energy NewsEnergy News
Home Home - Europe
Hydrogen

EU’s €800 Million Gamble on Green Hydrogen Dominance

Anela DoksoBy Anela Dokso16/11/20232 Mins Read
Share
LinkedIn Twitter Facebook Email WhatsApp Telegram

As the urgency to decarbonize intensifies, the European Union (EU) is set to roll out a distinctive financing experiment, a pilot auction commencing on November 23. This groundbreaking initiative seeks to create a dynamic marketplace for renewable hydrogen by aligning producers and users through a competitive bidding process.

With an €800 million budget from the EU’s Innovation Fund, this experiment aims to propel the nascent renewable hydrogen sector into mainstream viability.

The primary goal of this pilot auction is to bridge the gap between the supply and demand of renewable hydrogen. By fostering collaboration between project promoters and potential users, the auction intends to establish a concrete market for renewable hydrogen. The success of this initiative is pivotal, as it could set the stage for a new funding mechanism, potentially influencing the trajectory of other clean technologies.

Renewable hydrogen, considered pivotal in decarbonizing carbon-intensive sectors like steel and cement, is produced through electrolysis. This process involves splitting water molecules using renewable electricity. Unlike the majority of hydrogen produced today, which is derived from fossil fuels, renewable hydrogen offers a cleaner alternative, albeit at a higher production cost.

The successful implementation of this auction could have far-reaching consequences. It has the potential to define the price of renewable hydrogen in the EU, providing clarity in a market currently lacking established benchmarks. This, in turn, can drive widespread adoption, especially in sectors grappling with emissions reduction challenges.

The funding allocated for this pilot auction is part of the Hydrogen Bank, a broader financing mechanism with a €3 billion budget announced by the European Commission. Despite calls for more substantial financial incentives, stakeholders recognize the significance of launching this experiment. It is deemed a crucial learning process that could pave the way for more extensive support in subsequent rounds.

Share. LinkedIn Twitter Facebook Email

Related Posts

Hydrogen

Ingeteam Commissions Castilla y León’s First Green Hydrogen Plant

25/06/2025
hydrogen

Norway’s Karmsund Hydrogen Project to Begin Operations in 2028

25/06/2025
hydrogen

ITM Power Bets on ‘Hydrogen-as-a-Service’ with New German Subsidiary Hydropulse

25/06/2025
hydrogen

Greece Weighs Hydrogen Ambitions Against Power Costs and Lack of Subsidies

25/06/2025
hydrogen

Teesside to Anchor £96M Pipeline Push as Ofgem Backs East Coast Hydrogen Network

24/06/2025
Hydrogen

RIC Energy Secures Site for 220MW Hydrogen-Based E-Fuels Project in Castilla y León

24/06/2025
Hydrogen

South Korea’s Largest Hydrogen-Only Fuel Cell Plant Begins Operation in Ulsan

25/06/2025
Hydrogen

Ingeteam Commissions Castilla y León’s First Green Hydrogen Plant

25/06/2025
hydrogen

Norway’s Karmsund Hydrogen Project to Begin Operations in 2028

25/06/2025
hydrogen

ITM Power Bets on ‘Hydrogen-as-a-Service’ with New German Subsidiary Hydropulse

25/06/2025

Subscribe to Updates

Get the latest news from the hydrogen market subscribe to our newsletter.

LinkedIn X (Twitter) Facebook YouTube

News

  • Inteviews
  • Webinars
  • Hydrogen
  • Spotlight
  • Regional

Company

  • Advertising
  • Media Kits
  • Contact Info
  • GDPR Policy

Subscriptions

  • Subscribe
  • Newsletters
  • Sponsored News

Subscribe to Updates

Get the latest news from EnergyNewsBiz about hydrogen.

© 2025 EnergyNews.biz
  • Privacy Policy
  • Terms
  • Accessibility

Type above and press Enter to search. Press Esc to cancel.