Southern and Nordic projects triumph in EU green auctions
Low clearing prices in first European Hydrogen Bank auction reflect fierce competition for green hydrogen subsidies and buyers’ willingness to pay premium
Seven hydrogen production projects spanning Spain, Portugal and the Nordic region will share a total of €720m ($768.96m) of subsidies over ten years after submitting winning bids in the first competitive auction under the EU’s European Hydrogen Bank (EHB) scheme. The winning projects plan to produce a combined 1.58mt of renewable hydrogen over ten years. The bids for subsidies range from €0.37–0.48/kg of hydrogen produced, far below the auction’s upper limit of €4.50/kg. The subsidies granted to individual winning projects range from €8–245m. Subsidies are paid as fixed premiums and are intended to bridge the gap between the cost of green hydrogen production and the price consumers are willi

Also in this section
31 March 2025
Saudi Aramco’s blue hydrogen progress is a clear reminder that energy companies pivoting in search of greater returns may not be throwing the H₂ baby out with the bathwater
27 March 2025
Awards celebrate global innovation, leadership and achievement across the energy sector’s people, projects, technologies and companies.
27 March 2025
Region has all the ingredients to become a green hydrogen powerhouse but faces plenty of barriers and stiff competition
21 March 2025
European Hydrogen Bank auction is four times oversubscribed, while industry remains on pause in US amid IRA subsidy uncertainty