Europe is now attracting more investment in clean hydrogen than the US and China combined, she said.
The unions roadmap essentially consists of three elements: clear rules, publicfunding, and international agreements.
Von der Leyen noted that the EUs regulatory framework is almost complete.
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Our goal is simple.
We want to bring European hydrogen from niche to scale.
[This] means clarity and predictability for your investments.
We are the only continent where this is the case, said the president.
It has also authorised over 17bn in state aid for 80 hydrogen projects across the union.
The next step is thefirst auction of the Hydrogen Bank, set to open on November 23.
The auction will award up to 800mn to EEA-based clean hydrogen producers.
According to von der Leyen, Europe is already seeing successful results.
Our goal is simple, she said.
We want to bring European hydrogen from niche to scale.
We want Europe to be the global home of clean hydrogen.
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
