Browsing: EU

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.

hydrogen

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.

European Commission Launches Inaugural €800 Hydrogen Bank Auction

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.