On Your Mark - Get Set - Hy­dro­gen!?

The National Council passed the “Federal Act on the Funding of the Production of Renewable Hydrogen of Non-Biogenic Origin (Hydrogen Funding Act - WFöG)” and published it in Article 1 of Federal Law Gazette I No. 69/2024. The WFöG, with which a funding volume of EUR 820 million was provided, thus came into force on July 5, 2024.

The WFöG lays down provisions for funding the construction and operation of new production plants for the production of renewable hydrogen of non-biogenic origin in order to support the goal of climate neutrality and the objectives of the Austrian hydrogen strategy and to increase the share of renewable hydrogen in Austria. The subsidies will be awarded in competitive auctions in the years 2024 to 2026 and comprise a maximum total volume of 820 million euros. They will be granted in the form of a fixed premium as a supplement per unit of renewable hydrogen of non-biogenic origin produced for a period of ten years. The plants must be located