EMEA > Germany tops up Innovation Fund money for EU hydrogen auction to support national goals

Germany tops up Innovation Fund money for EU hydrogen auction to support national goals

Published 14:14 on December 20, 2023  /  Last updated at 14:14 on December 20, 2023  / /  EMEA, EU ETS

Germany became the first EU member state to involve itself in the European Hydrogen Bank’s ‘auctions-as-a-service’ scheme on Wednesday, adding money to top up existing ETS-sourced Innovation Fund grant funding, all of which will be allocated via a competitive bidding process to renewable hydrogen producers and awarded to those with the lowest subsidy needs.
Germany became the first EU member state to involve itself in the European Hydrogen Bank’s ‘auctions-as-a-service’ scheme on Wednesday, adding money to top up existing ETS-sourced Innovation Fund grant funding, all of which will be allocated via a competitive bidding process to renewable hydrogen producers and awarded to those with the lowest subsidy needs.


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