In India, SolarQuarter reported that the European Commission has approved a $435.5 million Austrian State aid scheme and a $39.2 million Lithuanian State aid scheme to support the production of renewable hydrogen. The funding will be allocated through the European Hydrogen Bank’s “Auctions-as-a-Service” tool, with the auction set to close in 2025. The report noted that the approved schemes align with the EU’s Clean Industrial Deal and the REPowerEU Plan, aiming to accelerate industrial decarbonization, reduce reliance on Russian fossil fuels, and support the EU Hydrogen Strategy. Austria’s scheme will support the production of up to 112,000 tons of renewable hydrogen, while Lithuania’s initiative will facilitate the production of 13,000 tons. These efforts are expected to prevent approximately 536,000 tons and 61,000 tons of CO2 emissions, respectively.
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