The pilot phase of the ‘European Hydrogen Bank’ will start next year with a system of contract for differences (CfDs) under the ‘Innovation Fund’, said European Commission Executive Vice-President for the Green Deal, Frans Timmermans, on Tuesday 25 October, in a speech at the EU Hydrogen Week 2022.
The objective of the contracts for differences will be to cover 100% of the cost differential compared to hydrogen produced in the EU from fossil fuels without greenhouse gas capture (grey...