Winners of 2nd EU Hydrogen Bank auction announced

By Julian Atchison on May 23, 2025

Ammonia, methanol and marine fuel production

Click to learn more. The winners of the second EU Hydrogen Bank auction have been announced, including ammonia production projects in Spain Source: European Commission.

The European Commission has selected fifteen more renewable hydrogen projects to receive subsidies for production over ten years, following its second auction process. They will receive a total of €992 million in EU funding, from the Innovation Fund sourced from the EU Emissions Trading System (ETS). Whereas winners in the first auction round were limited to the Iberian peninsula and Scandinavia, projects from Germany and the Netherlands have now been successful.

Twelve projects covering hydrogen for vehicle fuel, pipeline injection, methanol and ammonia will receive fixed premium support between €0.20 and €0.60 per kg produced, and three marine fuel-focused projects receiving €0.45 and €1.88 per kg produced. The subsidy range is very similar to the first auction round (€0.37 – €0.48), with more total funds awarded (€720 million). A third auction round is planned to begin at the end of this year.

The winners

The 12 successful projects are targeting a variety of markets. Ranging from hydrogen vehicle fuel to methanol and ammonia, the projects are located in Spain, Finland, Germany and the Netherlands. These range significantly in production volume, from 17,000 to 411,000 tons over the ten year time period. The three marine fuel-focused production projects are located in Norway. Two of these projects will produce ammonia, both led by IGNIS: one in the Port of Seville, and the other as part of the larger Hydrogen Valley Coruña initiative.

Project	Coordinator	Country	Bid price (€/kg)	Volume (kilotons H₂ over 10 years)	Primary output	Target markets (if known)
Villamartin H2	Galena Renewables	Spain	0.20	126	Unknown	Unknown
Puerto Serrano H2	Galena Renewables	Spain	0.25	49	Unknown	Unknown
Kristinestad PtX	Koppö Energia	Finland	0.33	258	Methanol, e-methane	Marine fuel, vehicle fuel
SolWinHy Cadiz	Viridi	Spain	0.40	63	Methanol	German offtaker reportedly secured
Hydrogen Alpha La Zaida	IGNIS	Spain	0.41	26	Hydrogen feedstock	Hydrogen peroxide production by Evonik
Armonia Green Sevilla	IGNIS	Spain	0.41	238	Ammonia	Domestic fertilizers, exports
Armonia Green Galicia	IGNIS	Spain	0.42	238	Ammonia	Fertilizers, potentially power generation customers
H2CRI	Green Devco	Spain	0.44	30	Unknown	Unknown
Kaskade	Meridiam	Germany	0.45	354	Hydrogen	Cavern storage/seasonal power generation
H2 Hub Lubmin	H2 Hub Lubmin	Germany	0.47	238	Hydrogen	Pipeline (n.b. the Lubmin Hub will include floating ammonia cracking facilities)
Tordesillas H2	Elawan Energy	Spain	0.48	17	Unknown	Unknown
Zeevonk electrolyser	Zeevonk electrolyser	Netherlands	0.60	411	Offshore hydrogen	Pipeline
Rjukan H2	Norwegian Hydrogen	Norway	0.45	29	Hydrogen	Marine fuel
Gen2-LH2	Gen2 Energy	Norway	0.59	104	Hydrogen	Marine fuel
Hammerfest H2	Green H	Norway	1.88	12	Pressurized hydrogen	Bunker fuel

And, as happened after the first round, the EU has indicated several member states have opted to launch their own “Auctions-as-a-Service” mechanism, funding projects that were eligible for this auction, but not amongst the selected winners. Spain, Lithuania, and Austria will allocate up to €836 million in national funding to their highest ranking projects not successful in this round.

The total number of bids for this auction round was 61 projects across 11 countries, requesting more than €4.8 billion (or 4x the available budget). Eight of these bids were specific to the maritime-focused funding. This is compared to 130 project bids and 15x the total budget value in the first round, suggesting that potential bidders have a much stronger grasp of the metrics required to be amongst the winning projects.