| Country | Austria |
|---|---|
| Influence of the financing instrument | Direct |
| Thematic Scope | power2gas technology |
| Type | Investment Funding Other |
| Legal/Financial Form | grant |
The construction of a facility for the conversion of electricity into hydrogen or synthetic gas with a minimum capacity of 1 MW (or minimum capacity of 0.5 MW and a maximum capacity of less than 1 MW) may be supported by an investment grant if the facility is used exclusively for the production of renewable gases and purchases exclusively renewable electricity.
Possible usage of the funding instrument in the P2G context: Directly applicable for an investment in facilities for converting electricity into hydrogen or synthetic gas, under the condition that all eligibility criteria are adhered to.
| Legal Entity | BMK (Bundesministerium für Klimaschutz, Umwelt, Energie, Mobilität, Innovation und Technologie) |
|---|---|
| Federal Ministry for Climate Action, Environment, Energy, Mobility, Innovation and Technology | |
| Geographic Scope | Austria |
| Eligibility Criteria | Minimum capacity of 1 MW (or minimum capacity of 0.5 MW and a maximum capacity of less than 1 MW); Exclusive production of renewable gases; Exclusive purchase of renewable electricity |
| Co-Financing Rate | Subsidy rates of up to 45% of the investment volume directly required for the construction of the facility (excluding land). For facilities with a minimum capacity of 0.5 MW and a maximum capacity of less than 1 MW subsidy rates are up to 20% of the investment volume, directly required for the construction of the facility (excluding land) |
| Volume | annual funding for investment subsidies amounts to 40 million euros |
| Duration | not specified |
| Limitations | No subsidy for facilities that are constructed and operated by electricity network operators; No subsidy for facilities that add hydrogen to natural gas in the public gas grid; The facility must be commissioned within 36 months of the conclusion of the funding contract |
| Periodicity thus far | permanent |
| Web Address | https://www.ris.bka.gv.at/GeltendeFassung.wxe?Abfrage=Bundesnormen&Gesetzesnummer=20011619 |