EU hydrogen auction oversubscribed sixfold as RFNBO focus persists

Electrolytic hydrogen projects bidding in the third European Hydrogen Bank auction remain overwhelmingly focused on producing fuels that comply with renewable fuels of non-biological origin (RFNBO) rules.

The European Commission said the third auction attracted 58 bids requesting €8.4bn ($9.7bn) – around six times the €1.3bn ($1.5bn) budget.

The funding call, opened in December, represents around 4.3GW of electrolyser capacity.

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