European Commission introduces mechanism to ‘kick-start’ hydrogen market

The European Commission has announced a new five-year pilot mechanism will be put in place to accelerate investments in the hydrogen market.

Part of the recently adopted Decarbonised Gases and Hydrogen package, the pilot mechanism will “collect, process and give access to information on demand and supply for renewable, low-carbon hydrogen and derivatives,” according to a statement released.

This will allow European off-takers to match with both European and foreign suppliers, collecting and processing market data on the development of hydrogen flows and prices.

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