The Dutch government has granted more than €700 million (USD 818.2 million) in subsidies to support 11 green hydrogen projects, aiming to close the cost gap between producing hydrogen from renewable sources and fossil fuels, reports Renewables Now.
Together, the selected projects represent a combined electrolysis capacity of 602 megawatts (MW) and were chosen during the second round of the country’s Scaling Up Hydrogen via Electrolysis (OWE) subsidy scheme. The program is designed to encourage large-scale production of green hydrogen using renewable electricity.
Despite receiving applications for over €3.2 billion in funding, the total available budget of €998 million for this round was not fully used. The government said some applications were rejected because the projects were either financially unfeasible or failed to show clear plans for using the hydrogen they would produce.
The average subsidy provided is €1.78 million per MW of electrolysis capacity.
Companies receiving the subsidies include Air Liquide Industrie, Circul8 Hydrogen Factory, The Toll Sustainable, Essent Hydrogen, Eurus Energy Europe, FR Energyhubs, H2Eron, Statkraft Renewables Benelux, Uniper Hydrogen Netherlands, Vattenfall, and Westphalia Hydrogen.
All subsidized projects are expected to be completed by mid-2030.
