Auctions-as-a-service | EU Hydrogen Bank set to host national green H2 tenders on behalf of member states

The European Commission is offering a new “auctions-as-a-service” mechanism to member states, which would allow them to provide subsidies to green hydrogen projects in their own countries without having to set up their own national systems and support schemes.

This would “reduce the administrative burden and cost for all parties”… and “could play a significant role by preventing the segmentation of the market and incentive schemes”, the Commission says.

The national contributions would be, effectively, tagged on to the EU-wide green hydrogen auctions, the first of which opened on Thursday, with a second due to be held in the spring of 2024.

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