European Hydrogen Bank's Next Auction to Introduce Non-Price Criteria
Key Ideas
- Wopke Hoekstra announces plans to introduce non-price criteria for the next European auction supporting hydrogen projects.
- The internal rules for the auction will be proposed by the European Commission later this month.
- The European Hydrogen Bank continues to play a pivotal role in facilitating hydrogen initiatives in the EU.
- This move aims to enhance the evaluation process for hydrogen projects based on more than just financial considerations.
On September 2, Wopke Hoekstra, the European Commissioner for Climate Action, shared plans to incorporate non-price criteria in the upcoming European auction supporting hydrogen projects. This announcement was made during his speech at Eindhoven University of Technology, marking the commencement of the academic year. The European Commission is set to propose the internal rules for this auction later in the month. The auction, which falls under the auspices of the European Hydrogen Bank, is a crucial mechanism for promoting hydrogen ventures within the EU. By introducing non-price criteria, such as sustainability and innovation factors, the evaluation of projects will become more comprehensive and insightful. This strategic shift underscores a broader commitment to fostering sustainable and impactful hydrogen initiatives across Europe.