Saturday, 22 February 2025

Focus on European Hydrogen Bank

The Hydrogen Bank is a financing instrument to accelerate the establishment of a full hydrogen value chain in Europe. The European Commission launched the European Hydrogen Bank in 2022 to create investment security and business opportunities for European and global renewable hydrogen production.

FILE PHOTO: European Union flags fly outside the European Commission headquarters in Brussels, Belgium, March 1, 2023. REUTERS/Johanna Geron/File Photo
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EU changes hydrogen project auction rules to limit Chinese presence

The EU has updated hydrogen auction rules to limit reliance on Chinese parts, promoting local supply chains and security.

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