Commission President Ursula von der Leyen told European Hydrogen Week the scheme will put in a total of €3B to encourage green production methods.
The European Commission has made a new move to encourage the scale up and deployment of renewable hydrogen, opening the first auction under the European Hydrogen Bank, with €800 million available now through the Innovation Fund to subsidise production, and a further €2.2 billion to come early next year.
Producers will bid for a fixed premium per kilogram of hydrogen produced, to help them cover the additional costs of producing clean hydrogen.
The announcement of the €3 billion subsidy scheme was made at European Hydrogen Week on Monday by Commission President Ursula von der Leyen. The scheme should be a boost for the work of the Clean Hydrogen Joint Undertaking, the public-private partnership set up to scale up development and deployment of renewable hydrogen.