INTIEAEuropean Union · First auction of European Hydrogen Bank (EHB)PolicyIn force

First auction of European Hydrogen Bank (EHB)

EUR 720 million (USD 781 million) for seven projects (1.5 GW of electrolysis) in the first auction of the European Hydrogen Bank. The winning bid price premiums were EUR 0.37-0.48/kg (USD 0.4-0.52/kg) in comparison to an LCOH of EUR 5.3-13.5/kg (USD 5.7-14.6/kg) and a ceiling…

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Country / jurisdiction: European Union · Year: 2023 · Status: In force · Level: International · Type: Voluntary

EUR 720 million (USD 781 million) for seven projects (1.5 GW of electrolysis) in the first auction of the European

Hydrogen Bank. The winning bid price premiums were EUR 0.37-0.48/kg (USD 0.4-0.52/kg) in comparison to an LCOH of EUR 5.3-13.5/kg (USD 5.7-14.6/kg) and a ceiling price of EUR 4.5/kg (USD 4.9/kg). The individual grant agreements are expected to be signed by November 2024 with entry into operation within 5 years

Official source: https://ec.europa.eu/commission/presscorner/detail/en/ip_24_2333

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https://www.iea.org/policies/27842

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