Gen2 Energy Reports a Signed EU Hydrogen Grant for Nesbruket
Gen2 Energy reports a signed grant for about EUR 62 million. Buyers can start due diligence without treating the grant as firm supply.
What changed
On 10 November 2026, Gen2 Energy reported a signed grant agreement with CINEA for about EUR 62 million. The company says the EU Innovation Fund's 2025 Hydrogen Auction selected its planned Nesbruket project in Mosjoen, Norway, in May 2026. The European Commission calls IF25 the third European Hydrogen Bank auction. It lists Gen2 Energy's entry as Gen2-LH2 under the maritime and aviation topic.
What buyers can do
Maritime buyers can start due diligence on Nesbruket as a potential source of liquid hydrogen. Ask for the investment decision, a delivery plan and evidence that the project can meet RFNBO requirements. Gen2 Energy says the project combines hydrogen production with liquefaction and distribution infrastructure. Its announcement does not establish firm delivery terms.
When assessing RFNBO export readiness, keep grant evidence separate from power sourcing, emissions records and certification. The auction pays a fixed premium on verified and certified production. Signing the grant does not show that Gen2 Energy has received the money or met the production conditions.
Gen2 Energy announcement | European Commission auction terms.
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