- Six projects receive €270.6 million from the EU Emissions Trading System for renewable hydrogen production.
- Two projects focus on maritime hydrogen supply, receiving over €35 million.
- Projects aim to produce 500 kilotonnes of renewable hydrogen, reducing 3.4 million tonnes of CO₂ emissions in 10 years.
- Located in Spain, Finland, and Norway, projects will install 381.25 MW of electrolyser capacity.
Funding and Objectives
Six projects have been awarded a total of €270.6 million from the 2024 Innovation Fund Auction for renewable hydrogen production. The funding, sourced from EU Emissions Trading System revenues, aims to scale up European hydrogen production and support the transition from natural gas, coal, and oil in hard-to-decarbonise industries and transport sectors.
Maritime Focus
Two of the selected projects focus on the maritime sector, receiving over €35 million to supply renewable hydrogen to maritime off-takers. This initiative is part of the European Hydrogen Bank's efforts to integrate hydrogen into the market and reduce reliance on fossil fuels.
Production and Impact
The projects are expected to produce approximately 500 kilotonnes of renewable hydrogen, classified as renewable fuel of non-biological origin (RFNBO). This production is projected to cut nearly 3.4 million tonnes of CO₂ emissions over a 10-year operational period, contributing significantly to decarbonisation efforts in key sectors like the chemical industry and heavy-duty transport.
Project Locations and Capacity
Located in Spain, Finland, and Norway, the projects will collectively install 381.25 megawatts of electrolyser capacity. The individual grant values range from €135.5 million to €1.8 million, with installations varying from 5 to 200 megawatt electric (MWe) capacity. The awarded projects presented bids ranging from €0.33 to €1.88 per kilogram of RFNBO Hydrogen.
