S๐๐๐จ๐ง๐ ๐๐ ๐๐ฒ๐๐ซ๐จ๐ ๐๐ง ๐๐๐ง๐ค ๐๐ฎ๐๐ญ๐ข๐จ๐ง ๐ข๐ง๐๐ฅ๐ฎ๐๐ข๐ง๐ ๐ ๐๐๐ ๐ข๐๐๐ญ๐๐ ๐๐ฎ๐๐ ๐๐ญ ๐๐จ๐ซ ๐ฆ๐๐ซ๐ข๐ญ๐ข๐ฆ๐ ๐จ๐๐๐ญ๐๐ค๐๐ซ๐ฌ
Commission earmarks โฌ4.6 billion to boost net-zero technologies, electric vehicle battery cell manufacturing and renewable hydrogen under the Innovation Fund
Supporting the production of renewable hydrogen
Today, the Commission is also launching theย second auction under the European Hydrogen Bank, via the Innovation Fund (IF24 Auction). It will allocateย โฌ1.2 billionย fromย EU Emissions Trading System (ETS)ย revenues to support producers of hydrogen categorised as Renewable Fuel of Non-Biological Origin (RFNBO) located in the European Economic Area (EEA).
With a budget increased by โฌ400 million compared to the first IF23 Auction, theย new IF24 Auctionย will support projects for renewable hydrogen production regardless of the sector in which it will be consumed, with a dedicated budget of โฌ1 billion; as well as hydrogen production in projects with off-takers in the maritime sector, with a dedicated budget of โฌ200 million
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