European Economic Area

Energy, Oil & Gas

EU backs nine hydrogen projects with $1.3bn funding

Thu, 07 May 2026

The European Commission selected nine hydrogen projects across seven EEA countries under the European Hydrogen Bank auction. Backed by €1.09 billion ($1.3 billion) in EU funding, they aim to deliver 1.1GW electrolyser capacity, producing 1.3 million tonnes of hydrogen.