IOGP response on Competitive Bidding schemes for hydrogen under the Innovation Fund

This document provides IOGP's input to the public consultation (questionnaire) on Competitive Bidding schemes for hydrogen under the Innovation Fund.

Background

The Innovation Fund (IF) is one of the world’s largest funding programs for the demonstration of innovative low-carbon technologies.

The proposal of the EU Emission Trading System (ETS) Directive, put forward as part of the Fit-for-55 package in 2021, foresees the introduction of competitive bidding mechanisms (i.e. auctions) to award funding.

Based on the REPowerEU Plan, the first pilot auctions under the Innovation Fund will target renewable hydrogen production and transition to hydrogen-based production processes in new industrial sectors. In the industrial uptake case, both renewable and low-carbon hydrogen could be targeted.

Key Point

•  New funding support mechanisms should have a technology open approach

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