On 30 April 2024, seven European projects were selected for EU financial support in the Innovation Fund’s pilot hydrogen auction (IF23 Auction).

Today, six out of those seven projects have signed their respective grant agreements. The awarded funding will help successful bidders to bridge the difference between their production costs and the price that industrial users are willing to pay for this emerging product.

This auction is one of the pillars of the European Hydrogen Bank (EHB) launched by the Commission in 2023, and uses revenues from the EU Emissions Trading System to support producers of hydrogen categorised as Renewable Fuel of Non-Biological Origin (RFNBO).

The selected projects are located in four European countries:

Spain (Hysencia and Catalina);
Portugal (Grey2green II and MP2X);
Finland (eNRG Lahti);
and Norway (Skiga).