On August 29, the European Hydrogen Bank launched a pilot auction to provide up to €800 million of public support for hydrogen projects located in the European Economic Area. Financed in part by the EU Innovation Fund, the auction will provide subsidies to hydrogen developers in the form of a fixed premium in €/kg of renewable hydrogen produced over 10 years. This memo outlines key considerations of the Terms and Conditions of the pilot auction for project developers, hydrogen off-takers, and investors.
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