The European Commission has officially launched the second European Hydrogen Bank auction, offering a significant boost to the renewable hydrogen sector with a total budget of approximately €1.2 billion.
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Renewable hydrogen producers can bid for a fixed-price premium of up to €4 per kilogram of hydrogen produced over 10 years. The auction is structured into two baskets: a general basket (€1 billion) and a newly introduced Maritime basket (€200 million).  

Additionally, the Auction-as-a-Service (AaaS) model will bring further funding contributions from EU Member States, including Austria (€400 million), Spain (€280-400 million), and Lithuania (€36 million), bringing the total firepower of the Bank to around €2 billion.

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