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
6 February 2025
US green hydrogen producer Plug Power says its new spot price programme allows buyers to purchase on-demand and without the limitations of long-term agreements
6 February 2025
This premier event is poised to address the evolving technology and investment demands of North America’s thriving chemical and pharmaceutical sectors
5 February 2025
Technology, policy and infrastructure challenges must all be addressed collaboratively to make seaborne transportation of hydrogen a reality
4 February 2025
Sector awaits clarity on tax credits and loan programmes amid mixed signals from the Trump presidency
