The European Commission has launched a new pilot mechanism to boost the development of the European hydrogen market. This mechanism, established under the decarbonised gases and hydrogen package, aims to accelerate investments and improve connectivity between off-takers and suppliers in the hydrogen sector. Over the next five years, the mechanism will operate within the European Hydrogen Bank, collecting and processing data on demand and supply for renewable and low-carbon hydrogen. By enhancing visibility and facilitating agreements between European off-takers and suppliers, the pilot mechanism seeks to expedite final investment decisions and promote the transition towards cleaner energy sources. The Commission's initiatives also include a regulatory framework that provides legal certainty for investors in the hydrogen value chain and sets targets for renewable hydrogen in various sectors. Additionally, the establishment of hydrogen infrastructure projects, such as hydrogen corridors and large electrolysers, is underway to connect consumers and producers across the EU. Financial support from the Innovation Fund and State aid for Important Projects of Common European Interest demonstrate a substantial commitment to advancing the hydrogen industry in Europe. The Commission's efforts align with the goal of establishing a fully functioning hydrogen market by 2030, crucial for achieving Green Deal targets, enhancing industry competitiveness, and driving the clean energy transition in the region.