The President of the European Commission, Ursula von der Leyen, said that the EU plans to create a new European Hydrogen Bank, which will invest €3 billion in the development of the H2 market.
This happened on Tuesday, September 14, during an address to the EU countries, the State Energy Efficiency Agency reports on Facebook.
She noted that the transformation has already begun and hydrogen will change the "rules of the game" for Europe.
"We need to move our hydrogen economy from a niche to a large-scale market. In the REPowerEU plan, we have doubled our target by 2030 to produce 10 million tonnes of renewable hydrogen in the EU every year. To do this, we need to create a hydrogen market to bridge the investment gap and link future supply and demand," von der Leyen said.
She also added that the European Hydrogen Bank will help guarantee the purchase of hydrogen, in particular, using the funds of the Innovation Fund.
"This is how we feed the economy of the future. This is the European green agreement," the President of the European Commission emphasized.
During her address, von der Leyen also emphasized that Europe should completely get rid of dependence on Russian energy carriers and presented a number of measures for this. She also confirmed that Europe's solidarity with Ukraine will remain steadfast.
The press service of the State Energy Efficiency Agency emphasized that Ukraine considers the hydrogen economy as one of the pillars of reconstruction and recovery. Thus, the working group of the Ministry of Energy developed the Hydrogen Strategy, and the State Energy Efficiency Agency and the Energy Club are discussing in detail ways to build a hydrogen economy.
"It is planned to use the opportunities that have appeared in the process of the global energy transition, in close cooperation with partners in the EU," the press service noted.
Earlier, EcoPolitic wrote, that the European Commission has approved up to €5.4 billion in state support for an important project of common European interest in the chain of creation cost of hydrogen technologies.
As EcoPolitic previously reported, the European Commission presented a list of main indicators for monitoring progress in achieving goals in the field of environment and climate protection until 2030, as well as a long-term vision until 2050.
