Spain wins most bids for the €1 billion awarded by the European Hydrogen Bank

Spain wins most bids for the €1 billion awarded by the European Hydrogen Bank - Portugal Business News

Renewable Energy News EU - Spain wins most bids for the €1 billion awarded by the European Hydrogen Bank, with 8 out of the 15 projects awarded to Spain. Here are the countries that obtained nearly 1 billion awarded by the European Hydrogen Bank on May 20, 2025:

The 15 renewable hydrogen production projects awarded under the second European Hydrogen Bank auction for public funding are expected to produce nearly 2.2 million tons of renewable hydrogen over ten years, avoiding more than 15 million tons of CO₂ emissions.

The projects awarded under the European Hydrogen Bank will receive a total of €992 million in EU funding, from the Innovation Fund that is sourced from the EU Emissions Trading System (ETS) and the agreements are expected to be signed by September/October 2025.

Here is the list of countries that obtained the €1 billion awarded by the European Hydrogen Bank:

1 – Spain

Spain was awarded the majority of the 15 bids for the €1 billion awarded by the European Hydrogen Bank.

Here are the 8 hydrogen projects that were awarded to Spain under the European Hydrogen Bank and the bid price in euros per kilograms:

1 – VILLAMARTIN H2, by GALENA RENOVABLES 6, S.L – at a bid price of 0.2 euros/kg.

2 – PUERTO SERRANO H2 by GALENA RENOVABLES 7, S.L – at a bid price of 0.25 euros/kg.

3 – SolWinHy by Viridy RE GmBH – at a bid price of 0.4 euros/kg.

4 – H2LZ by IGNIS HIDROGENO ALFA – at a bid price of 0.41 euros/kg.

5 – AGS by ARMONIA GREEN SEVILLA – at a bid price of 0.41 euros/kg.

6 – AGG280 by ARMONIA GREEN GALICIA, S.L – at a bid price of 0.42 euros/kg.

7 – H2CRI by GREEN DEVCO ENERGY 6, S.L.U – at a bid price of 0.44 euros/kg.

8 – TORDESILLASH2 by Elawan Energy – at a bid price of 0.48 euros/kg.

2 – Norway

Norway was awarded all three hydrogen projects linked to the maritime sector, since they will use the hydrogen produced by the project for bunkering activities. This has resulted in the selection of three bids receiving €96.7 million in grants.

Here are the 3 hydrogen projects that were awarded to Norway under the European Hydrogen Bank and the bid price in euros per kilograms:

1 – RjukanH2 by NORWEGIAN HYDROGEN AS – at a bid price of 0.45 euros/kg.

2 – Gen2-LH2 by Gen2 Energy AS – at a bid price of 0.59 euros/kg.

3 – HammerfestH2 by GREEN H AS – at a bid price of 1.88 euros/kg.

3 – Germany

Germany was awarded 2 out of the 15 hydrogen projects under the second European Hydrogen Bank auction.

Here are the 2 hydrogen projects that were awarded to Germany under the European Hydrogen Bank and the bid price in euros per kilograms:

1 – KASKADE by Meridiam SAS – at a bid price of 0.45 euros/kg.

2 – H2-Hub Lubmin by H2-Hub Lubmin GmBH – at a bid price of 0.47 euros/kg.

4 – Finland

Finland was awarded 1 hydrogen project under the second European Hydrogen Bank auction.

Here is the hydrogen project that was awarded to Finland under the European Hydrogen Bank and the bid price in euros per kilograms:

1 – Kristinestad PtX by Koppö Energia Oy – at a bid price of 0.33 euros/kg.

5 – Netherlands

The Netherlands was awarded 1 hydrogen project under the second European Hydrogen Bank auction.

Here is the hydrogen project that was awarded to the Netherlands under the European Hydrogen Bank and the bid price in euros per kilograms:

1 – Zeevonk electrolyser by Zeevonk electrolyser – at a bid price of 0.6 euros/kg.

As announced in the EU Clean Industrial Deal, a third European Hydrogen Bank auction is planned for the end of 2025 with a budget of up to €1 billion.