The European Commission today (March 16) laid out its roadmap for the European Hydrogen Bank and proposed its Net Zero Industry Act.

To support the uptake of renewable hydrogen, the Commission has presented its ideas on the design and functions of the European Hydrogen Bank which it says will, “pro-actively support those industrial stakeholders that make early decisions to redirect or to focus on clean tech deployment.”

The Commission has predicted, to achieve the 10 million tonnes of domestic renewable hydrogen target set out in the REPowerEU plan, a total of €334-471bn ($353-498bn) of investment is required.