If you haven’t submitted your bid into the European Hydrogen Bank’s second auction round yet, then don’t bother. You’re too late, since the deadline for bids closed this week, meaning a share of its €1.2 billion budget has thus evaded your grasp.

On the other hand, that sum of money is less than half of what’s now available via another green hydrogen subsidy framework.

This is Germany’s H2Global, whose second stab at supporting green hydrogen projects “will be funded with €2.5bn ($2.61bn) of combined cash from the Netherlands and Germany”. This could even rise to “€3bn… pending final budget approvals”.

Most of the budget comes from the German government, to fund renewable fuels of non-biological origin (RFNBOs) in “four regional lots”. These will cover “green hydrogen produced in Africa, in Asia, in North America and in South America and Oceania (Australia, New Zealand and nearby Pacific island nations)”.

These lots, each budgeted “at least €484m”, can “supply hydrogen, ammonia or methanol as final products” as long as it ends up with “delivery into Germany”.

The rest of the money (“a budget of at least €567m”), will “be funded jointly by Germany and the Netherlands, for delivery into both of those two countries”. This will fund a “global lot”, for projects “located in any country apart from the Netherlands, Germany or a sanctioned nation”.

Another crucial difference with this one is also that “hydrogen must be the final product, rather than a hydrogen derivative”. In other words, if hydrogen is transported as something else (as it likely will be, if produced far away), it “must be converted back to hydrogen before delivery to the customer”.

In other billion-Euro news, Spanish gas network operator Enagás has said that it “will invest 4.035 billion euros by 2030, with green hydrogen as the pillar of its growth”.

In particular, hydrogen features as part of the company’s “2025-2030 Strategic Update”, within which it reckons “3.125 billion euros will be allocated to the deployment of renewable hydrogen infrastructure”. As a result, “by 2030, the company’s hydrogen assets will exceed its natural gas assets”.

In addition, taking place after 2030 and so outside the scope of that last expenditure plan, will be “four new sections for the Spanish Hydrogen Backbone”. These will “involve an additional 1,480 kilometres of route, with an estimated gross investment of 2.135 billion euros”.

Aside from pipes, Enegás also “announced the launch of Scale Green Energy”.