EU awards over €1 billion to European hydrogen projects to accelerate the clean transition
The European Commission has selected nine hydrogen production projects under the third auction of the European Hydrogen Bank. Across seven countries in the European Economic Area, the projects are expected to provide almost 1.1 giga-watts of electrolyser capacity and produce over 1.3 million tons of hydrogen over their first 10 years of operation, with an estimated greenhouse gas emissions avoidance of 9 million tons of CO2 equivalent.