Second round of European Hydrogen Bank subsidy auction allocated €1.2bn — €1bn less than expected

EC lowers bid ceiling and claims that it never planned €2.2bn spend in 2024

Stakeholder meeting for the Innovation Fund in Brussels. — Stakeholder meeting for the Innovation Fund in Brussels.Photo: Alexandru Floristean

Rachel Parkes

Deputy Editor

Published 12 June 2024, 10:52Updated 17 June 2024, 07:40

European Hydrogen Bank Hy24 EU European Commission Subsidies