The European Commission has initiated efforts to enhance the EU's clean hydrogen market by calling for the development of a pilot platform to facilitate connections between buyers and suppliers. This platform aims to boost the demand for renewable and low-carbon hydrogen by collecting and processing data on supply and demand, enabling European buyers to align with local and international suppliers. The EC intends to finalize the selection of an IT provider by the end of the year for the platform to be operational by mid-2025. The commission emphasizes that enhancing demand visibility among suppliers and consumers will expedite investment decisions, leading to securing off-take agreements that support the region's energy transition objectives. To promote market transparency, certain non-commercially sensitive insights will be shared publically. The legal framework for this initiative is based on the EU's latest regulations on decarbonized gases and hydrogen markets. Currently, the EU boasts 254 renewable hydrogen projects, with 170 operational and 84 under construction, amounting to nearly 3 GW capacity. An additional 8 GW capacity is expected from projects funded by the European Hydrogen Bank pilot auction. However, there is a call for more projects to reach final investment stages and more off-takers to transition to hydrogen use. The EC's plan includes a second European Hydrogen Bank auction funded by the sale of EU ETS allowances. This funding strategy aims to support the production of renewable hydrogen and reduce the reliance on natural gas imports, with a goal to produce and import significant amounts of hydrogen by 2030.