European hydrogen auctions attract EUR 7.3 billion in project bids

European hydrogen auction chart showing average off-taker prices by sector

European hydrogen projects continue to attract strong investor and developer interest, with the EU’s latest Innovation Fund auction receiving 57 bids requesting more than EUR 7 billion in support for over 4.3 GW of electrolyser capacity across Europe. European hydrogen investment interest remains strong, with the latest Innovation Fund hydrogen auction receiving 57 bids requesting EUR 7.26 billion in support. […]

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