'Auctions are not the right mechanism to support the first big green hydrogen projects': industry

Developers argue that subsidy mechanisms in the EU require too much up-front spend, for a market that still does not really exist

Orsted's CEO of Europe and power-to-X Olivia Breese addresses the FT Hydrogen Summit 2024.
Orsted's CEO of Europe and power-to-X Olivia Breese addresses the FT Hydrogen Summit 2024.Photo: FT
Published 12 June 2024, 13:43Updated 17 June 2024, 07:40