EU Nears Fourth Hydrogen Bank Auction as Curtailment Costs Climb
Draft terms for the fourth auction of the European Union Hydrogen Bank (EHB) should reach the public before June closes, pv magazine reported, setting the rules that will govern how subsidy support is allocated to hydrogen producers. Hydrogen Europe expects the auction itself to open before the end of the year.
The backdrop is a mounting bill for wasted renewable power. Hydrogen Europe CEO Jorgo Chatzimarkakis said electricity curtailment across Europe cost EUR 5.6 billion in 2025, a figure he expects to climb to EUR 24 billion by 2030.
On the bilateral front, Australia and Germany have agreed a memorandum of understanding on hydrogen cooperation, according to pv magazine. The pact pairs the two governments in a joint H2Global auction scheme, with each side committing as much as EUR 200 million.
In metering, Italgas reported that its installed base of Nimbus units has passed 200,000, pv magazine said.
Source: pv-magazine.com (opens in a new tab)1 sourcePermalink