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Home - Policy - EU hydrogen tender ends with bids below €0.50/kg – SPE
Policy

EU hydrogen tender ends with bids below €0.50/kg – SPE

solarenergyBy solarenergyMay 3, 2024No Comments2 Mins Read
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The European Commission has selected the winners of the European Hydrogen Bank’s first auction, with bids below €0.50 per kg, while Chile and Namibia unveiled new hydrogen plans.

May 3, 2024 Sergio Matalucci

Image: Richard Parmiter, Flickr

The European Commission has has awarded €720 million to seven renewable hydrogen projects in Europe, selected through the first competitive bidding process under the European Hydrogen Bank. The seven projects were the winners of an oversubscribed auction That A total of 132 bids were submitted. Together, the winning bidders plan to produce 1.58 million tons of renewable hydrogen over ten years. said the European Commission. The selected projects are located in Finland, Norway, Spain and Portugal. The companies submitted bids between €0.37 and €0.48 per kilogram of renewable hydrogen produced. The companies must sign the grant agreements and the selected projects by November 2024 must start producing renewable hydrogen within five years. They receive the fixed premium subsidies granted for a maximum of 10 years for certified and verified renewable hydrogen production. The projects receive subsidies ranging from €8 million to €245 million.

Chili has presented its hydrogen action plan. The document includes 81 measures to are implemented in two phases. The first, between 2023 and 2026, will define environmental and social standards. From 2026 to 2030, the second phase will include measures to industrialize the national economy a productive one and labor conversion in different regions. “With this action plan, Chile has great opportunities to do that take a leap towards it a more diverse, productive and innovative economy,” said former Chilean President Michelle Bachelet.

See also  Researchers discover method to help perovskite solar cells heal themselves – SPE

Cleaner solutions Namibia, a joint venture between the Belgian CMB.Technology and Ohlthaver & List (O&L) said they will commission Namibia’s first hydrogen filling station in the fourth quarter of 2024. “With this Cleanergy Green Hydrogen Site, we can channel more than a century of innovation to unleash a renewable energy revolution,” said O&L chairman Sven Thieme. Cleanergy Solutions Namibia will collaborate with CMB.Technologythe ports of Antwerp, Bruges and Namport are launching the first hydrogen ship on the African continent. CMB.Tech said the hydrogen production plant is the first phase of a five-year plan, along with several projects in Namibia including ammonia bunkering, pipelines and large-scale hydrogen and ammonia production.

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0.50kg bids ends hydrogen SPE tender
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