EC makes European Hydrogen Bank announcement

In order to invest EUR 3 billion in the development of a potential market for hydrogen, the European Commission intends to establish a new European Hydrogen Bank.

Ursula von der Leyen, head of the EC, made this announcement at her third State of the Union speech today.

Prior to this announcement, the European hydrogen industry issued a warning that the nascent sector will “massively emigrate” from Europe. 

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