European Commission president Ursula von der Leyen
EU to create €3bn hydrogen bank
Institution will guarantee purchases of hydrogen using resources from the EU’s Innovation Fund
The EU will create a €3bn ($3bn) European Hydrogen Bank to help secure hydrogen supplies for member states, European Commission president Ursula von der Leyen said in her State of the EU address today. The bank will guarantee purchases of hydrogen using resources from the EU’s Innovation Fund—a facility focusing on technology development that is financed by revenues from the Emissions Trading System. “We need to move our hydrogen economy from niche to scale,” says von der Leyen. “To achieve this, we must create a market maker for hydrogen, in order to bridge the investment gap and connect future supply and demand.” The policy is an evolution of the European Commission’s global European hydr
Also in this section
9 March 2026
Hydrogen has not stalled in the UK because the technology does not work. The problem is that the system around it does not yet move at the speed required
4 March 2026
Turmoil in Middle East reminds nascent clean hydrogen sector that its future prospects are dependent on global energy markets and geopolitics
25 February 2026
Low-carbon hydrogen and ammonia development is advancing much more slowly and unevenly than once expected, with high costs and policy uncertainty thinning investment. Meanwhile, surging energy demand is reinforcing the role of natural gas and LNG as the backbone of the global energy system, panellists at LNG2026 said
18 February 2026
Norwegian energy company has dropped a major hydrogen project and paused its CCS expansion plans as demand fails to materialise
