EU Commission clears $1.5 billion in German state aid for green hydrogen

* The German ‌programme is leaning on the European ‌Hydrogen Bank's Auctions-as-a-Service, or AaaS, for the auction that closed in 2026, the Commission said in ⁠a ​statement. * ⁠The approved scheme will support the construction of ⁠up to 1,000 MW of electrolyser capacity for ​the production of up to 10 million ⁠metric tons of hydrogen, meant to avoid ⁠up ​to 55 million tons of CO2.

The ​European Commission ​on Wednesday approved €1.3 billion ($1.5 ‌billion) in ​German state aid for the production of renewable ‌hydrogen to cut greenhouse gas emissions and dependence on Russian fossil fuels. * The German ‌programme is leaning on the European ‌Hydrogen Bank's Auctions-as-a-Service, or AaaS, for the auction that closed in 2026, the Commission said in ⁠a ​statement.

* ⁠The approved scheme will support the construction of ⁠up to 1,000 MW of electrolyser capacity for ​the production of up to 10 million ⁠metric tons of hydrogen, meant to avoid ⁠up ​to 55 million tons of CO2. * The go-ahead comes at a challenging ⁠time for the green hydrogen market, with German ⁠electrolyser ⁠maker Thyssenkrupp Nucera warning that customers continue to delay investment decisions.

($1 = €0.8627)