The European Commission has selected 15 renewable hydrogen production projects that will receive budget funding of €992 million. The central executive body of the EU announced this on its official website. Projects in 5 countries will receive funds for implementation. It is expected that in total they will be able to produce almost 2.2 million tons of renewable hydrogen over 10 years. This will avoid more than 15 million tons of CO₂ emissions.
The winning participants will have subsidies for the production of "green" hydrogen. They will help eliminate the difference between the cost of production and the market price and accelerate the introduction of environmentally friendly fuels. Renewable hydrogen will help replace natural gas, coal and oil in difficult-to-decarbonize industries and the transport sector. Of the selected projects, 12 involve the production of "green" hydrogen with a fixed additional support of €0.20 to €0.60 per kg, the other three will require €0.45 to €1.88 per kg. In parallel, Spain, Lithuania and Austria are allocating up to €836 million for national financing of projects in their countries using the "Auctions-as-a-Service" function. This allows Member States to identify and finance promising projects on their territory that meet the auction qualification criteria but cannot be financed by the Innovation Fund due to budgetary constraints.
Source: https://ecopolitic.com.ua/ua/news/ievrokomisiya-vidilila-majzhe-e1-mlrd-na-proiekti-z-virobnictva-vidnovljuvanogo-vodnju/
