The European Commission President Ursula von der Leyen has announced the creation of a European Hydrogen Bank within her State of the Union address.
The proposed Bank will be able to invest 3 billion euros to help build the future market for hydrogen.
With REPowerEU – the European Commission’s plan to make Europe independent from Russian fossil fuels – the bloc has doubled its 2030 target to produce ten-million tons a year of renewable hydrogen in the EU. The bank will help scale up hydrogen production accordingly. Read more herePolicy