Browsing: European Commission

European Commission Launches Inaugural €800 Hydrogen Bank Auction

The European Commission’s recent announcement regarding its pilot auction for green hydrogen production has stirred considerable excitement within the renewable energy sector. With a whopping 132 bids submitted from projects spanning 17 European countries, the auction has the potential to significantly bolster the EU’s domestic green hydrogen production targets for 2030.

In a recent statement from Ms. Simson on behalf of the European Commission, the spotlight has turned to white hydrogen exploration as a potential key player in Europe’s energy transition.

Gasgrid Finland, in collaboration with partners Nordic Hydrogen Route, Nordic-Baltic Hydrogen Corridor, and Baltic Sea Hydrogen Collector, achieves recognition on the European Commission’s Projects of Common Interest (PCI) list. This milestone positions three hydrogen infrastructure projects for the Baltic Sea region as pivotal contributors to European energy policy goals.

European Commission is set to open a series of tenders, with the first round offering 800 million euros in aid to community manufacturers. This initiative, part of the European Hydrogen Bank, aims to bolster the production of clean hydrogen, a crucial element in the EU’s ambitious climate targets.