European Hydrogen Bank Prepares for Second Auction in December
Key Ideas
- The European Hydrogen Bank (EHB) is gearing up for its second auction scheduled for December, as announced by Ursula von der Leyen.
- Six renewable hydrogen projects from the first EHB auction have secured funding through grant agreements, showing positive progress in the sector.
- The updated Terms and Conditions (T&Cs) for the second EHB auction have been released by the European Commission, indicating ongoing developments in the hydrogen market.
- Quantum Commodity Intelligence offers premium services including daily price assessments, market news, and fundamental trade data for professionals in various markets like oil, biofuels, carbon, and ammonia.
The European Hydrogen Bank (EHB) is making strides in the renewable energy sector as it prepares for its second auction, set to take place in December this year. Ursula von der Leyen announced the upcoming event in a video address, indicating continued support and focus on hydrogen initiatives. In a positive development, six renewable hydrogen projects that received funding in the first EHB auction have now signed grant agreements, showcasing progress and concrete steps towards sustainable energy practices. Furthermore, the European Commission has released updated Terms and Conditions (T&Cs) for the second EHB auction, introducing changes that reflect the evolving landscape of the European hydrogen market. These announcements highlight the commitment to advancing hydrogen technologies and fostering growth in the sector. Alongside these updates, Quantum Commodity Intelligence offers valuable subscription services tailored for professionals in markets such as oil, biofuels, carbon, and ammonia, providing essential insights including daily price assessments and market news to support informed decision-making.