The European Commission has announced a significant investment of nearly EUR 1 billion in public funding to support 15 pioneering renewable hydrogen production projects across the European Economic Area (EEA). This investment, totaling EUR 992 million, is expected to yield 2.2 million tonnes of renewable hydrogen over the next decade, preventing over 15 million tonnes of CO2 emissions.

The funded projects will produce green hydrogen for critical sectors such as transportation, the chemical industry, and the production of methanol and ammonia.

Project Details

The 15 selected projects, spanning five European countries, will receive individual subsidies ranging from EUR 8 million to EUR 246 million over a period of up to ten years. Among the successful bids, 12 projects will receive fixed premium support ranging from EUR 0.20 to EUR 0.60 per kilogram of renewable hydrogen.

Notably, three bids secured EUR 96.7 million in grants for hydrogen producers with off-takers in the maritime sector, with subsidies ranging from EUR 0.45 to EUR 1.88 per kilogram.

Implementation Timeline

The selected projects are now preparing their grant agreements, with signatures anticipated by September/October 2025. These projects are mandated to achieve financial close within two and a half years of signing and commence renewable hydrogen production within five years. They will receive their fixed premium subsidy for up to ten years upon certified and verified renewable hydrogen production.

Future Plans

The European Commission has already announced plans for a third European Hydrogen Bank auction by the end of 2025, backed by an impressive budget of up to EUR1 billion. This move is expected to significantly reduce Europe's reliance on fossil fuels, enhance energy security, create green jobs, and propel the decarbonization of European industries.

With this investment, the EU is taking a monumental step towards energy independence and decarbonization, supporting its ambitious goal of producing 10 million tonnes of domestic renewable hydrogen by 2030.

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