Key hydrogen takeaways from the Industrial Clean Deal

Last Thursday, Antwerp felt like the epicenter of the industrial world as European Commission President Ursula von der Leyen presented the Industrial Clean Deal in, in the presence of dozens of leaders from European industry. The deal outlined a strategic approach to accelerate industrial decarbonization, implement the EU Green Deal goals, and restore investments in Europe while strengthening its competitiveness.

In the field of hydrogen, the Industrial Clean Deal confirmed several financial and regulatory measures: the third EU Hydrogen Bank call is scheduled for Q3 of this year, with a budget of €1 billion. Furthermore, the European Commission is expected to adopt a new Delegated Act on low-carbon hydrogen in the coming weeks. Looking ahead, an Industrial Decarbonisation Bank is planned for 2026 with a €100 billion budget.

The latter is designed to provide technology-neutral support across industrial sectors and aims to address funding gaps in both CAPEX and OPEX across member states. Although it is not yet concretely clear which technologies and innovations will be funded for this initiative, we keep our fingers crossed there will also be room for hydrogen technology.

You can read the full deal here.