The financing mechanism know as the European Hydrogen Bank (EHB) has been widely acknowledged to be the Swiss army knife in a box full of rusty tools: its speed, simplicity and flexibility makes it the ideal one-stop shop for all of Europe´s hydrogen financing needs in one stop shop achieving four goals: a cost-effective method for allocating financial assistance, the establishment of prices and market development, mitigating risks associated with renewable hydrogen projects while attracting private investment, and minimizing administrative burdens.

The auctions have indeed been released efficiently and fast, and the European Commission is keen to quickly take the lessons learnt from the first auction (with a total of €800m) to the second auction (with a much larger financing of €2.2bn) which has already been announced for the end of 2024.

Uncertainties abound, however. Chief of all is the fact that demand of hydrogen is still the largest challenge for hydrogen production developers; and infrastructure is often lacking, to put it mildly. Furthermore, auctions which in 2024 aim to accelerate into a 5 years development cycle for new projects are still a grain of sand in huge target of 10million tonnes of renewable hydrogen production by 2030. The targets for import are similarly undefined and challenging.

In this webinar we hear from players across the supply chain on how the EHB auctions could be improved to top the speed and efficiency of the Inflation Reduction Act (IRA) endeavours over in the USA; and how to make sure they bring about lasting change for the European Hydrogen landscape.

• Unearth the nuances of the EHB’s hydrogen auction system
• Learn how generating demand for renewable hydrogen is the key stone to making the industry work in Europe, and how the EC and other institutions are working towards that goal
• Understand the successes and pitfalls of the hydrogen auctions and how to ensure they are efficient moves to progress commercial deployment of the technology throughout Europe
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Understand how the EHB is impacting every area of the renewable hydrogen industry, creating new markets, facilitating imports and harnessing public and private financing

Speakers: 

• José Manuel Pérez Rodríguez, Head of H2 regulation & government affairs, EDP Renewables
• Fabio Passaro, Senior Transition Policy Analyst , Climate Bonds
• Elena Spinelli, Project manager, RENMAD Events by ATA Insights