The European Commission has unveiled the Terms and Conditions for the upcoming second auction of the European Hydrogen Bank. With an additional €1.2 billion dedicated to supporting the production of RFNBO hydrogen, the Commission aims to strengthen the hydrogen sector within Europe. Hydrogen Europe has expressed satisfaction with several key features of the new auction structure. These include a price cap of €4 per kilogram, a set timeline for project commissioning, and mandatory resilience criteria for future calls. The organization sees this as a significant step towards creating a more robust and energy-secure Europe. Jorgo Chatzimarkakis, the CEO of Hydrogen Europe, lauded the new terms, emphasizing their positive impact on fostering investment in Europe and underlining the importance of simplicity in implementation. While the criteria for the next call mandate limits on sourcing electrolyser stacks from China and compliance with safety standards, concerns were raised about the lack of cumulation flexibility, sectoral baskets, and inflation indexation. Despite these reservations, the upcoming auction is expected to kick off after the European Hydrogen Week 2024. The ultimate goal is to bolster the European hydrogen economy and support the ongoing energy transition. Hydrogen Europe remains dedicated to collaborating with various stakeholders and regulators to unlock the full potential of the European hydrogen market.