Policy record
European Hydrogen Bank — Innovation Fund Pilot Auction (IF23 / First Round)
European Hydrogen Bank — Innovation Fund Pilot Auction (IF23 / First 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
Effective2024-02-08
Policy details
SummaryThe first EHB auction under the Innovation Fund provided a fixed-premium subsidy per kg of RFNBO hydrogen produced, paid for up to 10 years of certified production, awarded competitively by ranking bids from lowest to highest premium requested.
Key thresholdsCeiling/maximum bid price: €4.50/kg. Clearing price achieved: €0.48/kg (well below ceiling). Budget: €800 million total (€720 million committed to 7 selected projects). Projects must reach financial close within 2.5 years and start production within 5 years of selection. Required to meet RFNBO certification criteria under Delegated Regulation 2023/1184. Supported volume: ~1.58 million tonnes RFNBO H2 over 10-year contract. Electrolyser capacity: 1.5 GW across winners.
Support value€0.48/kg fixed premium on certified RFNBO H2 production for up to 10 years; €720 million committed in this round.
Practical implicationThe clearing price of €0.48/kg is far below the €4.50/kg ceiling, indicating intense competition and that projects with production costs close to or below that implied floor (~€3–5/kg fully loaded) dominate — developers must ensure their LCOH is within striking distance before bidding.
Official source
| Source | Publisher | Checked |
|---|---|---|
| Open official source ↗ | climate.ec.europa.eu | 2026-08-31T17:47:03Z |