IF23 Auction: €800M available for renewable hydrogen producers
Alongside the IF23 Call, on 23 November 2023, the the European Comission opened the Innovation Fund 2023 Auction. This initiative presents a groundbreaking opportunity for renewable hydrogen producers within the European Economic Area (EEA). With a budget of €800 million, this is the inaugural auction of its kind in Europe and a pivotal component of the EU Hydrogen Bank.
In line with the objectives outlined in the European Green Deal and the Net-Zero Industry Act, the IF23 Auction invites active participation to contribute to Europe's journey towards climate neutrality. Project developers have until the early February 2024 deadline to place their bids.
On 30 November, the European Commission & CINEA hosted an informative event focusing on application insights and past lessons. The event recording and presentation can be found here.