EU to offer 'fixed premium' to green hydrogen producers in attempt to compete with US H2 tax credits

First €800m auction for per-kg subsidies will launch in the autumn as European Commission scrambles to 'level the playing field' with America

European Commission's President Ursula von der Leyen launches Europe's response to the US IRA. — European Commission's President Ursula von der Leyen launches Europe's response to the US IRA.Photo: Thierry Monasse/Getty Images

Published 1 February 2023, 14:49Updated 2 February 2023, 16:07

Europe European Commission Ursula von der Leyen Subsidies Finance