Insights

European Hydrogen Bank is a financing instrument aimed at creating investment security and new business opportunities for the production of renewable hydrogen. The final terms and conditions of the European Hydrogen Bank auction call for 2024 are expected to be published in August-September this year. Dedicated Spinverse experts are here to support you if you would like to learn more about the business opportunities the Hydrogen Bank offers to the hydrogen sector.

In November 2023, the Innovation Fund is set to inaugurate a green hydrogen pilot auction, known as the 'Hydrogen Bank.' We at Spinverse have been closely monitoring the development of this initiative, with the goal of providing comprehensive support to our clients, as we have consistently done in previous Innovation Fund calls. 

Spinverse, together in collaboration with the Embassies of the Netherlands in the Nordics and the Netherlands Enterprise Agency, has conducted market research regarding hydrogen in the Nordics. This study, titled “Hydrogen in the Nordics: Collaboration Opportunities for Dutch Companies”, delves deep into the needs, strengths, and aspirations unique to each Nordic country with regard to hydrogen economy. 

This week has been the European Hydrogen week! On Monday the 29th November, the Horizon Europe Clean Hydrogen Partnership was officially launched, following the footsteps of Fuel Cells and Hydrogen Joint Undertaking. This brand new partnership will have a budget of 2 B€, and it is a joined collaboration between The Commission, Hydrogen Europe and Hydrogen Europe Research. The official website for the new partnership is expected to open soon.

In spring 2021, a national company-led hydrogen cluster was established in Finland to accelerate hydrogen economy and exports of hydrogen-related solutions. To date, the cluster has attracted almost 50 companies already, including Spinverse, which will provide services for building project consortia, raising funding and coordinating projects. The cluster aims to open up doors to European networks as there are plans to invest tens of billions of euros to hydrogen economy. The cluster has now published its website.