Second auction of European Hydrogen Bank (EHB)

EUR 1.2 billion total, with EUR 200 million for maritime. Max EUR 250 million per project, €4/kg ceiling, 10-year subsidy. Only price is considered. Limits: 25% Chinese stacks, 2.5 years to financial close, 5 years to operation.

Final results:

EUR 992 million to 15 projects, 2.3 GW, 220 ktpa average
Bid prices: €0.2–0.6/kg
12 general (8 Spain, 2 Germany, 1 Finland, 1 Netherlands)
3 shipping (all Norway)
Grants signed by Oct 2025

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