Policy record
European Hydrogen Bank — Innovation Fund 2024 Hydrogen Auction (IF24 / Second Round)
European Hydrogen Bank — Innovation Fund 2024 Hydrogen Auction (IF24 / Second Round) policy record on H2Prism, with its status, summary, checked official source, and record date.
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8 sourced values · 0 earlier records
JurisdictionEUU
Legal statusin_force
Instrumentauction
Effective2025-05-20
Policy details
SummaryThe second EHB auction expanded to €1.2 billion with a novel €200 million maritime-sector sub-tranche; 61 bids received from 11 countries, selecting 15 projects initially, of which 6 signed grant agreements receiving fixed premiums per kg for up to 10 years.
Key thresholdsTotal budget: €1.2 billion (€1 billion general + €200 million maritime). General topic winning bids: €0.20–€0.60/kg. Maritime topic winning bids: €0.45–€1.88/kg. Financial close within 2.5 years; start production within 5 years. All projects must comply with RFNBO Delegated Regulation 2023/1184. 6 of 15 selected projects signed grant agreements receiving €270.6 million total (others withdrew during maturity/grant-agreement phase). Third round (IF25) offered over €1 billion, closed February 2026.
Support value€0.20–€0.60/kg (general) and €0.45–€1.88/kg (maritime) fixed premiums; €270.6 million committed to 6 signed projects from IF24.
Practical implicationThe significant drop-out rate (15 selected → 6 signed) and maritime premium of up to €1.88/kg reveal that maritime offtake agreements and project maturity at bid submission are critical — developers should not bid without secured offtake or near-FID-ready engineering.
Official source
| Source | Publisher | Checked |
|---|---|---|
| Open official source ↗ | climate.ec.europa.eu | 2026-08-31T17:47:03Z |