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
30 May 2025
Pressure is growing on developers to prove the bankability of their projects in a challenging market for green hydrogen
23 May 2025
Investors remain committed to development but are waiting on greater international market certainty
22 May 2025
The government has ambitions to scale up production and become a major exporter by the end of the decade
21 May 2025
Half of winning bidders are based in southern European country as €1b auction clears at lower-than-expected levels
