The first auction to support green hydrogen production in Europe will help understand supply and demand on the emerging EU market when it takes place at the end of the year, according to the European Commission. The European Commission outlined plans to create a Hydrogen Bank in March 2023, aiming to bridge the cost gap between clean hydrogen and current hydrogen production based on carbon-emitting fossil fuels. “This is the first time we do such an auction, and we really, truly hope that it will also give clarity on the market and the market price,” said Alexandre Paquot from the European Commission’s climate ... (full story)