COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL, THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE AND THE COMMITTEE OF THE REGIONS on the European Hydrogen Bank

Summary

Europe faces a significant investment gap in scaling up renewable hydrogen production, infrastructure, and demand, as current electrolysis methods are not yet competitive and most projects are still in the planning stages. To address this, the European Commission is establishing the European Hydrogen Bank to close the investment gap by connecting renewable hydrogen supply with demand objectives, facilitating both domestic production and imports through new financing mechanisms. The initiative is in progress, with the Bank announced and its structure being defined, though the finalization of the regulatory framework is a priority for its successful implementation.

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