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The Hydrogen Stream: EU hydrogen tender ends with quotes listed below EUR0.50/ kg

The European Commission has actually chosen the winners of European Hydrogen Bank’s very first auction, with quotes being available in listed below EUR0.50 ($0.54)/ kg, while Chile and Namibia have actually exposed brand-new hydrogen strategies.

May 3, 2024 Sergio Matalucci

Image: Richard Parmiter, Flickr

The European Commission has actually granted EUR720 million to 7 eco-friendly hydrogen tasks in Europe, picked through the very first competitive bidding procedure under the European Hydrogen Bank. The 7 jobs were the winners of an oversubscribed auction that drew in 132 quotes in overall. Together, the winning bidders prepare to produce 1.58 million metric lots of eco-friendly hydrogen over 10 years, stated the European Commission. The chosen tasks lie in Finland, Norway, Spain and Portugal. The business sent quotes in between EUR0.37 and EUR0.48 per kg of sustainable hydrogen produced. The business will require to sign the grant arrangements by November 2024 and the picked jobs need to begin producing sustainable hydrogen within 5 years. They will get the granted set premium aids for as much as 10 years for licensed and validated eco-friendly hydrogen production. The jobs will get aids varying from EUR8 million to EUR245 million.

Chile has actually provided its Hydrogen Action Plan. The file consists of 81 steps to be executed in 2 phases. The very first, in between 2023 and 2026, will specify ecological and social requirements. From 2026 to 2030, the 2nd phase will consist of steps to industrialize the nationwide economy through an efficient and labor reconversion in various areas. “With this Action Plan, Chile has terrific chances to make a leap towards a more varied, efficient, and ingenious economy,” stated previous Chilean President Michelle Bachelet.

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Cleanergy Solutions Namibia, a joint endeavor in between Belgium’s CMB.Tech and Ohlthaver & & List (O&L), stated they will put Namibia’s very first hydrogen refueling station into operation in the 4th quarter of 2024. “With this Cleanergy Green Hydrogen Site, we are funneling over a century’s worth of development to spark a transformation in renewable resource,” stated O&L Chairman Sven Thieme. Cleanergy Solutions Namibia will partner with CMB.Tech, the Port of Antwerp Bruges and Namport to introduce the very first hydrogen-powered ship on the African continent. CMB.Tech stated that the hydrogen production plant is the very first stage of a five-year strategy, in addition to a number of tasks in Namibia, consisting of ammonia bunkering, pipelines, and massive hydrogen and ammonia production.

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