The European Hydrogen Bank is a European Commission funding and market‑development initiative designed to accelerate the scale‑up of renewable (green) hydrogen across the EU. Rather than a traditional bank, it is a policy and financing mechanism that mobilizes revenues from the EU Emissions Trading System via the Innovation Fund to reduce the cost gap between renewable and fossil‑based hydrogen.
Through competitive auctions and related support instruments, the initiative awards fixed‑premium contracts to eligible hydrogen producers to improve project bankability and stimulate reliable offtake. It encompasses both domestic production and international supply windows, and aligns with EU certification and infrastructure planning to integrate hydrogen into industrial value chains. For the chemical and related process industries, it aims to enable lower‑carbon feedstocks and energy for applications such as ammonia, methanol, refining, and high‑temperature process heat, supporting the EU’s broader climate and industrial transition objectives.