EU Hydrogen Bank's Third Auction Receives Sixfold Oversubscription Focused on RFNBO Projects
The third European Hydrogen Bank auction attracted 58 bids totaling €8.4bn, six times the €1.3bn budget, emphasizing RFNBO compliance. The auction, launched in December, represents approximately 4.3GW of electrolyser capacity and will provide fixed-premium payments to support hydrogen production.
The third European Hydrogen Bank auction has been oversubscribed sixfold, receiving 58 bids totaling €8.4bn, significantly exceeding its €1.3bn budget. The auction, which opened in December, focuses on projects aimed at producing hydrogen that meets the renewable fuels of non-biological origin (RFNBO) standards. It represents around 4.3GW of electrolyser capacity and will provide fixed-premium payments per kilogramme of hydrogen to help reduce the cost difference with fossil fuels.
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