The European Commission is planning to launch a tool that will enable European buyers to establish contact with both European and foreign suppliers. It will collect and process data on trends in hydrogen flows and prices.

At a time when the first large-scale electrolysers in Europe are already under construction and the first operating agreements have been signed, Brussels is looking to launch a new pilot mechanism. The aim is to boost investment by providing a clearer picture of the situation for buyers and suppliers, and by facilitating contact between these parties. The scope is not limited to renewable hydrogen, as it also covers low-carbon hydrogen and hydrogen derivatives. This platform will be in place for five years and will form part of the European Hydrogen Bank.

A procedure has been set in motion to find a supplier capable of implementing such an IT platform. The contract will be signed at the end of the year, with a view to implementation as of mid-2025.

According to the Commission, improving the visibility of demand between suppliers and consumers will help to speed up final investment decisions in Europe and to conclude operating agreements. Brussels already has a similar platform approach for the purchase of strategic raw materials.

Click here to read the press release.

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Article written by Laurent Meillaud and translated by Mariem Ben Tili