Insider Brief:
- The European Commission has selected 15 renewable hydrogen projects for funding across the European Economic Area.
- The projects are projected to produce nearly 2.2 million tonnes of renewable hydrogen over 10 years.
- For the first time, the EC has provided dedicated budget for hydrogen production for use in the maritime sector.
The European Commission has selected 15 renewable hydrogen production projects for funding across the European Economic Area (EEA), the EC announced May 19.
The projects, located across five countries, are projected to produce nearly 2.2 million tonnes of renewable hydrogen over 10 years and are expected to save more than 15 tonnes of carbon emissions. Companies from Spain, Finland, Germany, the Netherlands, and Norway were selected.
The projects will receive a total of €992 million from the EU’s Innovation Fund, sourced from the EU Emissions Trading System (ETS).
Twelve of the 15 selected projects are committed to producing renewable hydrogen with fixed premium support between €0.20 and €0.60 per kilogramme.
The largest producers of renewable hydrogen are the Netherlands’ Zeevonk Electrolyzer, producing 411 kilotonnes over 10 years, Germany’s Meridiam SAS producing 354 kilotonnes over 10 years, and Finland’s Koppo Energia Oy, producing 258 kilotonnes of hydrogen over 10 years.
Three Norwegian companies focusing on maritime emissions were awarded EU funds as well. Norwegian Hydrogen AS will produce 29 kilotonnes, Gen2 Energy AS will produce 104 kilotonnes, and Green H AS will produce 12 kilotonnes.
This is the first time the EC has provided a dedicated budget for hydrogen producers with off-takers in the maritime sector.
Selected projects will be invited to prepare a grant agreement with the European Climate, Infrastructure, and Environment Executive Agency, with agreements expected to be signed by October this year.
