The European Commission has unveiled a new initiative to propel investments in the hydrogen market through a five-year pilot mechanism as part of the Decarbonised Gases and Hydrogen package. This mechanism aims to gather and provide information on renewable, low-carbon hydrogen demand and supply to facilitate connections between European off-takers and suppliers. By enhancing market data analysis, the Commission seeks to increase the number of hydrogen projects reaching final investment decisions and obtaining off-takers. Currently, only a small percentage of announced hydrogen projects have progressed to FID. The Commission's focus is on establishing a robust hydrogen market by 2030, leveraging the legal framework set by the package to offer clarity and attract long-term investments. Additionally, the new mechanism will contribute to the European Multiproduct Platform strategy for joint procurement of essential commodities, with an emphasis on future strategic raw materials inclusion. Through this initiative, the Commission aims to foster collaboration between European off-takers and hydrogen suppliers, paving the way for potential auctions under the European Hydrogen Bank. Furthermore, the mechanism will support the planning and development of hydrogen transport infrastructure through Projects of Common European Interest (IPCEI) alongside funding from the EU Connecting Europe Facility for Energy. This holistic approach underlines the Commission's commitment to advancing the hydrogen market and promoting sustainable energy transition within the EU.