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Energy Business
Charley Rattan
Charley Rattan
Top Contributor
Ā Ā·Ā Posted in Energy Business

Hydrogen Auction | EHB Detailed analysis

Awarded projects

The Commission selected the following 15 projects to receive funding for the production of RFNBO (renewable fuel of non-biological origin) hydrogen. These projects must reach financial close within 2.5 years and start production within 5 years of signing their grant agreements. They will only be awarded their fixed premium subsidy for up to 10 years upon certification and verification of renewable hydrogen production.

Project NameCoordinatorCountryBid VolumeĀ 
(hydrogen kilotonne over 10 years)Bid Capacity (Megawatts electric)Expected GHG avoidance**

(kilotonnes of CO2Ā equivalent over 10 years)Bid Price (EUR/kg)General topicĀ VILLAMARTIN H2GALENA RENOVABLES 6, S.L.Spain1262528590.2PUERTO SERRANO H2GALENA RENOVABLES 7, S.L.Spain49983370.25Kristinestad PtXKoppƶ Energia OyFinland2582001.7630.33SolWinHy CadizViridi RE GmbHSpain63804310.4H2LZIGNIS HIDROGENO ALFASpain26201790.41AGSARMONIA GREEN SEVILLASpain2381981.6310.41AGG280ARMONIA GREEN GALICIA, S.L.Spain2381981.6290.42H2CRIGREEN DEVCO ENERGY 6, S.L.U.Spain30302040.44KASKADEMeridiam SASGermany354367.52.4240.45H2-Hub LubminH2-Hub Lubmin GmbHGermany2382101.6280.47TORDESILLASH2Elawan EnergySpain17151150.48Zeevonk electrolyserZeevonk ElectrolyserNetherlands4115602.8120.6Maritime topicĀ RjukanH2NORWEGIAN HYDROGEN ASNorway2918.752010.45Gen2-LH2Gen2 Energy ASNorway10482.217140.59HammerfestH2GREEN H ASNorway127.5801.88

** Calculated based on the 2021-2025 ETS benchmark of 6.84 tons CO2e/tH2, not taking into account additional carbon abatement due to substitution effects in the H2Ā end use application (i.e conservative estimate)

Results of IF24 Auction

The IF24 Auction opened on 3 December 2024 and closed on 20 February 2025. The Auction saw a total of 61 bids submitted, including 8 for the maritime topic. The bidding projects span across 11 countries, collectively requesting a grant amount of ā‚¬4.88 billion to support the deployment of 7.3 million tons of renewable hydrogen production over a maximum period of 10 years, alongside the total installation of 6.3 GWe of electrolysers.

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