Hydrogen Europe Urges Action on REDIII RFNBOs Target Implementation
Key Ideas
- Hydrogen Europe is advocating for the implementation of the updated REDIII RFNBOs target in the industry sector.
- The European Hydrogen Bank's second auction will have a budget of €1.2 billion, although €1 billion lower than initially projected.
- The first EHB auction by the European Commission allocated nearly €720 million for seven renewable hydrogen projects.
- The article emphasizes the increasing focus and investments in renewable hydrogen projects within the European market.
Hydrogen Europe has made a call to nations responsible for implementing the updated REDIII RFNBOs target in the industry sector. The organization is pushing for action to meet these targets and drive the adoption of hydrogen technologies within the industry. Additionally, the European Hydrogen Bank's second auction is set to take place with a budget of €1.2 billion, although this amount is €1 billion lower than initially expected. The European Commission's first EHB auction already allocated close to €720 million for seven renewable hydrogen projects, indicating a significant investment in this sector. This article sheds light on the growing attention and funding being directed towards renewable hydrogen projects in Europe, highlighting a positive trend towards sustainable energy sources.