European hydrogen bank: the first pilot auction will open in November and is worth 800 million euros
Not an actual financial institution, the European Hydrogen Bank is a European Commission initiative (announced in September 2022 by President Ursula von der Leyen in her State of the Union address and unveiled in detail in mid-March) to take hydrogen production in Europe from niche to scale. The challenge of the initiative is to narrow the economic gap between the higher costs of green energy, including...