In a recent press release, Hydrogen Europe announced that the European Commission has unveiled the Terms and Conditions (T&Cs) for the upcoming second auction of the European Hydrogen Bank, focusing on supporting the production of RFNBO hydrogen with an additional €1.2 billion. The Commission's set price cap of €4 per kilogram, along with timeframes for project commissioning and final investment decisions, was well-received by Hydrogen Europe and its members. Jorgo Chatzimarkakis, the CEO of Hydrogen Europe, emphasized the positive impact of the new terms on creating an attractive investment environment in Europe, particularly noting the introduction of resilience criteria and the importance of a robust European supply chain. The upcoming auction will enforce limitations on sourcing electrolyser stacks from China to less than 25% to meet specific criteria. However, Hydrogen Europe expressed regret over missed opportunities to enhance flexibility in project expansion and the lack of indexation to inflation, which could mitigate uncertainties due to price fluctuations. Despite these concerns, the auction is set to launch in December following the European Hydrogen Week, aiming to drive investments in the hydrogen sector in alignment with the EU's sustainability goals and industry recommendations.