The Hydrogen Stream: EU offers financial support for renewable H2 auction

The European Commission, Austria, Lithuania, and Spain have announced new financial support measures for renewable hydrogen development as the European Union prepares for the second European Hydrogen Bank auction. The European Commission, Austria, Lithuania, and Spain have announced new financial support for developing renewable hydrogen. The three member states will participate in the "auctions-as-a-service" scheme as part of the second European Hydrogen Bank auction, launched on Dec. 3. "In addition to the €1. 2 billion ($1. 3 billion) in EU funding from the Innovation Fund, the three EU member ...

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