How much funding did the EU award in its third Hydrogen Bank auction, and for how much electrolyzer capacity?

The European Commission awarded €1.09 billion in funding under the third hydrogen bank auction for almost 1.1 gigawatts of electrolyzer capacity.

What were the subsidy ranges per kilogram of hydrogen across the different categories in the third auction?

In the renewable fuel of non-biological origin (RFNBO) category, subsidies cleared at €0.57–€0.98/kg; in the RFNBO and low-carbon category, subsidies ranged from €0.44–€1.10/kg across two projects; and in the maritime and aviation category, two projects received subsidies of €3.48–€3.49/kg.

EU Third Hydrogen Bank Awards €1.1B for 1.1-GW Electrolysis

May 7, 2026

The European Commission awarded €1.09 billion for nearly 1.1 GW of electrolyzer capacity under its third hydrogen bank auction. Winning projects aim to produce over 1.3 million metric tons of hydrogen over ten years, primarily serving steel and refining sectors.

chemweek

2026-05-07

EU Third Hydrogen Bank Awards €1.1B for 1.1-GW Electrolysis

EU Third Hydrogen Bank Awards €1.1B for 1.1-GW Electrolysis

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