Maroš Šefčovič, Executive Vice-President for European Green Deal, Interinstitutional Relations and Foresight : “The European Hydrogen Bank will provide valuable support to the decarbonisation of European industry. The high number of bids and the investments awarded today are a clear signal of confidence in the nascent renewable hydrogen market. There is a strong project pipeline in Europe and a competitive industry. These are encouraging signs for the future of this important net-zero technology.”
Wopke Hoekstra, Commissioner for Climate Action: “The results of our first EU-wide auction for renewable hydrogen production are very encouraging. These innovative auctions, funded by the revenues from emissions trading, are a game-changer when it comes to producing renewable hydrogen in Europe. The high level of interest shows the strong potential for this market, and the need for resources beyond the EU budget. I encourage other Member States to follow Germany’s lead, and make use of the “Auctions-as-a-service” to support renewable hydrogen production at national level using our European auction platform.”
Kadri Simson, Commissioner for Energy: “The EU is becoming a hub for clean technologies. The results of the first auction of the European Hydrogen Bank prove the high interest from European industry to produce and use hydrogen on our continent. The selected projects will help us to deliver the EU’s 2030 energy and climate targets, while creating new opportunities for green jobs and skills. The second hydrogen bank auction later this year is another exciting opportunity for European industry and I hope to see similar interest then.”
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