The European Commission has initiated a Hydrogen Mechanism as part of the EU Energy and Raw Materials Platform to facilitate coordinated purchases of hydrogen and other energy-related commodities. This mechanism, the first under the platform, allows EU buyers to express demand for biomethane, natural gas, hydrogen, and raw materials effectively. The goal is to provide EU companies with cost-effective access to these commodities by enabling negotiations with various suppliers. The Hydrogen Mechanism specifically focuses on supporting the market development of renewable and low-carbon hydrogen and its derivatives such as ammonia, methanol, and electro-sustainable aviation fuel. Scheduled to operate until 2029 under the European Hydrogen Bank, this initiative aims to scale up the renewable hydrogen value chain across the EU and partner countries. Energy and Housing Commissioner Dan Jorgensen emphasized that the Hydrogen Mechanism empowers European industries to seize competitive opportunities while advancing towards greater security of supply and decarbonization. The European Commission's Energy and Raw Materials Platform enables the collection and exchange of market data, demand and supply information, demand aggregation, and joint purchasing of energy-related products and raw materials. The platform also promotes collaboration, efficiency, and transparency in energy markets. While the platform itself does not provide financing or support direct negotiations, financial institutions can participate to publish financing offers. The article also mentions upcoming mechanisms under the platform for gas and raw materials. Overall, the introduction of the Hydrogen Mechanism and other mechanisms under the platform signifies a positive step towards enhancing energy security, promoting renewable energy sources, and facilitating joint purchasing for important commodities like hydrogen.