The objective of this event is to discuss the new draft T&Cs based on key learnings from the IF23 Auction and the feedback received from bidders through a dedicated survey. As part of a “lessons learned” exercise, stakeholder feedback will be integrated into the final T&C’s for the upcoming auction, which will be launched before the end of 2024.
The deadline to complete this survey is 6 June, 2024. All completed surveys must be sent to clima-auctions
ec [dot] europa [dot] eu (clima-auctions[at]ec[dot]europa[dot]eu).
This will be a hybrid event with limited space for in-person attendance. To attend this event, you can sign up via this registration link until 24 May 2024 inclusive.
Documents
- Innovation Fund IF24 auction Draft T&C’s presentation
- Innovation Fund IF24 auction Draft T&C’s
- Feedback table (survey) - Deadline to submit is 6 June
Registration
Registration for both on-site and online participation is now open. The deadline to register for on-site attendance is Friday, 24 May 2024. Registrations made after this deadline will be for online participation only.
- hydrogen | EU financing
- Wednesday 12 June 2024, 09:00 - 17:00 (CEST)
- Belgium
- Live streaming available
Programme
- 12 Jun 2024, 09:00 - 09:30 (CEST)Registration
- 09:30 - 09:45 (CEST)Opening remarks by DG CLIMA
- 09:45 - 10:15 (CEST)Experience and Results of the Pilot Auction 2023
- 10:15 - 11:00 (CEST)Overview general auction design elements
- General aspects of design: auctioned good, type of support, duration
- Clearing mechanism, Ceiling Price, Budget and Flexibility rule
- Changes in the IF’24 auction
- Overview of feedback received
- Discussion
- 11:00 - 11:15 (CEST)Break
- 11:15 - 12:15 (CEST)Qualification Requirements and Documentation (I)
- Admissibility, Eligibility, Relevance and Quality
- RE Strategy, Off-taker Strategy, Permitting strategy
- Rights and Obligations: Completion Guarantee, Time to Enter into Operation, payments and penalties
- Changes in the IF’24 auction
- Overview of key feedback received
- Discussion
- 12:15 - 13:00 (CEST)Qualification Requirements and Documentation (II) - Electrolyser procurement Strategy
- Overview of the requirements for the procurement of the electrolysers
- Overview of key feedback received
- Discussion
- 13:00 - 14:00 (CEST)Lunch Break
- 14:00 - 14:45 (CEST)Maritime budget basket
- Requirements for participating in the basket, definition of a maritime off-taker, clearing mechanism, requirements during implementation
- Overview of key feedback received
- Discussion
- 14:45 - 15:15 (CEST)Rules on Cumulation with other public support
- No change of the approach, clarifications of the rules provided
- Overview of key feedback received
- Discussion
- 15:15 - 15:30 (CEST)Break
- 15:30 - 16:00 (CEST)Auctions-As-A-Service
- Overview of the mechanism, experience in pilot auction, timeline
- 16:00 - 17:00 (CEST)Conclusion and Next Steps
- Final Q&A
- Expected timeline for final T&Cs preparation and launch of auction
- Final comments and closure
Practical information
- When
- Wednesday 12 June 2024, 09:00 - 17:00 (CEST)
- Where
- Albert Borschette Conference Center, Room 0ABelgium
- Languages
- English
Description
The Innovation Fund aims to provide financial support to projects within the EEA developing cutting-edge low-carbon technologies and to support Europe’s transition toward climate neutrality. With an estimated funding amount of €40 billion from 2020 to 2030, the Innovation Fund is financed by revenues from the EU Emissions Trading System.
Auctions, also referred to as competitive bidding, are mechanisms under the Innovation Fund that award funding through a more cost and time-efficient way. Auctions support the roll-out of low-carbon technologies, enabled after the revision of the ETS Directive. In relation to this, Innovation Fund Auctions for RFNBO (renewable fuel of non-biological origin) hydrogen are a key element of the European Hydrogen Bank (EHB), which aims to boost domestic production in Europe.