Ready for the Second Hydrogen Pilot Auction?
The EU Innovation Fund (IF) is one of the world’s largest funding programmes for the deployment and commercialisation of low-carbon and innovative technologies. Alongside the existing programmes, the European Commission introduced in November 2023 a novel support system through competitive bidding / auctions. This is a significant initiative to increase the development of hydrogen-related projects across the EU.
The commission expects to launch a second, larger Hydrogen Pilot Auction later this year, at around the same time as the pilot auction last year, with an increased total budget of €2.2Bn.
In addition, several national funds are made available for subsidizing the most competitive renewable hydrogen projects, such as Germany, Austria, Belgium, France, the Netherlands, Denmark and Italy.
Nordic Innovators is actively following the roll-out of those mechanisms:
Contact us for the latest news.
Hydrogen Pilot Auction
The Hydrogen Pilot Auction will allocate funding to innovative projects and is another important step to further advance the production of renewable hydrogen across the EU. It is a cost-efficient support for the roll-out of low-carbon technologies needed for the green transition. The four objectives of the Innovation Fund Hydrogen Auctions are:
- Reducing the cost gap between renewable and fossil hydrogen in the EU
- Allowing for price discovery and renewable hydrogen market formation
- De-risking European hydrogen projects
- Reducing administrative burdens.
