The European Hydrogen Bank (EHB) is the catalyst driving Europe towards a hydrogen-powered future. Designed to bolster investments in sustainable hydrogen production and reduce dependence on Russian fossil fuels, the EHB is a cornerstone in Europe’s quest for climate neutrality by 2050. With a target to domestically produce 10 million tonnes of renewable hydrogen by 2030 and import an additional 10 million tonnes, the EHB is poised to reshape the European hydrogen landscape. 

In August 2023, the European Commission unveiled the pioneering pilot auction for European renewable hydrogen production. This groundbreaking initiative is geared towards scaling up renewable hydrogen production across the European Economic Area (EEA). Fueled by an €800 million investment from the Innovation Fund, this auction is set to bridge the cost gap between renewable and fossil hydrogen, making hydrogen production a more economically viable venture. 

Join this free webinar   for a deep dive into the intricate world of the EHB’s hydrogen auctions: 

• Unearth the nuances of the EHB’s hydrogen auction system, including critical deadlines for the first auction, scheduled for December 2023 
• Acquire essential insights into the requirements and strategies for bidding successfully in the EHB’s hydrogen auctions, ensuring your projects stay ahead of the competition 

• Grasp the wider-reaching implications of hydrogen auctions on the growth and pace of the European hydrogen industry 
• Understand how the EHB is impacting every area of the renewable hydrogen industry, creating new markets, facilitating imports and harnessing public and private financing