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May 21,2025

EU Allocates €1 Billion to Advance Green Hydrogen and Maritime Projects.

The European Hydrogen Bank’s second auction aims to accelerate renewable hydrogen production by providing financial support to selected projects. The auction received 61 bids from 11 countries, with total funding requests surpassing €4.8 billion. Ultimately, 15 projects were awarded nearly €1 billion in funding, including three focused on maritime applications.

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