Results of the 2nd Hydrogen Bank Auction
An Overview of the Results of the 2nd Hydrogen Bank Auction
💰 Allocated Budget:
📌 EUR 895,364,238 – for 12 projects under the general topic
📌 EUR 96,677,425 – for 3 projects in the maritime sector
🌍 Geographical Distribution of Selected Projects:
- 8 – Spain
- 3 – Norway
- 2 – Germany
- 1 – Netherlands
- 1 – Finland
✅ Spain and Germany reported the highest production volumes and planned installed electrolyser capacities:
📌 Spain: 3,531,791 tons over 10 years; 3,203 MWe of aggregated electrolyser capacity
📌 Germany: 1,082,989 tons over 10 years; 1,098 MWe of aggregated electrolyser capacity
📈 The average levelized cost of RFNBO hydrogen in the listed countries ranges from EUR 5.5 to 11.1/kg
☑️ Preferred contract structure: Fixed-price agreements with off-takers
☑️ Most common delivery method: Pipeline
⚡ Main power source: Onshore wind energy, typically combining grid connection with a renewable PPA
➡️ Sources:
▪️ Press release
▪️ Presentation