The European Commission has taken a significant step towards promoting the use of hydrogen as a key element in the transition to sustainable energy. The launch of the European Hydrogen Bank (EHB) through a multi-million euro auction indicates a firm commitment to fostering the growth of hydrogen technology within the European Union. This initiative underlines the EU's dedication to reducing carbon emissions and embracing renewable energy sources to combat climate change. The EHB is poised to play a pivotal role in driving innovation and investment in the hydrogen sector, enabling Europe to move towards a greener and more sustainable energy landscape. By encouraging the development of hydrogen infrastructure and supporting related projects, the EHB aims to position Europe as a global leader in clean energy technology. The establishment of the EHB marks a significant milestone in the EU's efforts to achieve its climate targets and transition towards a carbon-neutral economy.