The European Union has launched its first inexperienced hydrogen public sale with a most value of €4.50 ($4.91)/kg. The permitted tasks will obtain subsidies for a decade, alongside income from hydrogen gross sales, and should begin manufacturing inside the subsequent 5 years.

The European Fee has launched the primary hydrogen public sale supported by the European Hydrogen Financial institution.

Renewable hydrogen producers can apply for assist within the type of a hard and fast premium per kilogram of hydrogen produced. This could shut the hole between the manufacturing value and the value that customers are at the moment prepared to pay in a market the place non-renewable hydrogen manufacturing continues to be cheaper.

Bidders have till Feb. 8, 2024, to submit their proposals by means of the EU tenders and financing portal. Bids should be based mostly on a proposed value premium per kilogram of renewable hydrogen produced, as much as a ceiling value of €4 .50/kg.

Bids as much as this restrict, and that additionally meet different qualification necessities, might be ranked from lowest to highest bid value and supported in that order, till the public sale funds is exhausted.

The chosen tasks will obtain the awarded subsidy along with the market income they generate from hydrogen gross sales, for a most of 10 years. As soon as the tasks safe their subsidy agreements, they need to start producing renewable hydrogen inside 5 years.

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