The European Hydrogen Bank as an Element of Support for the EU Hydrogen Strategy

Abstract

The European Hydrogen Bank is a new platform intended to connect users with producers and stimulate the private sector’s interest in new, environmentally friendly, hydrogen technologies. One of the purposes of this new institution is to reduce the cost difference between hydrogen produced in accordance with the guidelines of the delegated acts of the REDII (renewable hydrogen) and hydrogen produced from fossil fuels, and to increase the predictability of producer incomes. The institution is also designed to play a coordinating role, for instance, by collecting information on demand and supply, providing transparent information on prices and developing hydrogen market price benchmarks.

Keywords

• hydrogen economy
• zero emission
• energy transition
• green hydrogen