The European Commission has introduced a pilot mechanism to drive the development of the hydrogen market within the EU. This initiative is crucial in the context of the EU's goal to achieve climate neutrality by 2050 and reduce reliance on Russian fossil fuels by 2030. While the targets for renewable hydrogen consumption by 2030 seem achievable, challenges remain on the supply side with a limited number of projects reaching investment decisions. The mechanism, operating under the European Hydrogen Bank, will leverage an IT platform to enhance market transparency by collecting and processing data on supply and demand. Through this mechanism, the EC aims to connect European buyers with both local and international suppliers, fostering investments and growth in the sector. Additionally, the initiative aligns with other EU schemes and aims to create synergies to propel the hydrogen market forward. Noteworthy is the approval by the German government of bills to hasten the integration of hydrogen and carbon capture technologies into the country's energy and industrial systems to attain carbon neutrality by 2045.