On September 27, the European Commission unveiled the conditions for the second auction of the European Hydrogen Bank, a project funded by revenues from the Emissions Trading System through the Innovation Fund. The new auction will incorporate a 'resilience' criterion, emphasizing the importance of sustainable and robust hydrogen projects. With a budget potentially reaching €1.2 billion, the upcoming auction follows the success of the first pilot auction earlier in February 2024, which allocated €720 million to seven selected projects. This initiative is part of the EU's efforts to promote hydrogen as a clean energy source and support innovative projects in the sector. Successful bidders in the auction will benefit from substantial financial backing to advance their hydrogen-related initiatives and contribute to the EU's energy transition goals.