InnovFund-2023-AUC-RFNBO-Hydrogen Innovation Fund 2023 Auction - RFNBO Hydrogen

The Innovation Fund is one of the world’s largest funding programmes for the demonstration of innovative low-carbon technologies.The key advantages of using auctions for technologies that are moving towards scaleup and market roll-out are: cost-efficient support through using a market-based instrument (auctions) technology- and project development risks are tackled by the project promoter, who is in best place to address them, through payments based only on delivered volumes of the supported good, i.e. no payments before entry into operation price discovery and market formation reduced [...]