EU allocates 1.1 GW of electrolyzer capacity in third hydrogen auction, lowest bid comes in at €0.44/kg

The European Commission has allocated €1.09 billion in support through the third European Hydrogen Bank auction, selecting nine projects across seven countries. The procurement exercise was significantly oversubscribed with 58 bids from 11 countries. It awarded fixed hydrogen production premiums ranging from €0.44 ($0.51)/kg to €3.49/kg.