European hydrogen markets: Q4 2023 update

European hydrogen market development rounded up the year on a strongnote. The European Commission’s primary hydrogen support mechanism, the EU Hydrogen Bank, launched its first auction just days after the commission announced to substantially increase the funding mechanism’s budget. From a regulatory perspective, provisional agreement on the Decarbonised Gas Markets Packages means hydrogen market participants are close to receiving clear rules for market structure and operations, with understanding on matters such as blending of hydrogen at cross-border interconnection points, as well as tariff charging and unbundling. Source: ICIS (Independent Commodity Information Services)

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