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Updates on the Second Auction of the Hydrogen Bank
Mar 10, 2025
The second auction of the European Hydrogen Bank (IF24 Auction) opened on December 3, 2024, and closed on February 20, 2025. The auction aims to support hydrogen production through a €1.2 billion budget, allocated as follows:
- €1 billion for general hydrogen projects
- €200 million dedicated to the maritime sector
The funding will be provided as a fixed premium payment, ensuring financial support for hydrogen producers over a 10-year period, based on verified and certified hydrogen production. This initiative strengthens Europe's commitment to scaling up green hydrogen, ensuring long-term viability and market competitiveness.