The European Commission inaugurated the "Hydrogen Bank" to support the increase of renewable hydrogen in the European Union's (EU) energy mix. In a statement from the Commission, it was announced that the first tender was also held. The bank will direct 800 million euros from the EU's emissions trading revenues to support renewable hydrogen producers, the statement said. In the statement, the aim of the Hydrogen Bank was defined as creating a market for renewable hydrogen, encouraging investments in production capacity and increasing production. Renewable hydrogen will play an important role in Europe's future energy mix, especially in heavy industry and transportation.