What's holding back Europe's hydrogen ambitions?

The European Hydrogen Bank is meant to be Europe's big enabler for large-scale renewable hydrogen production, so why did the EU's second auction fail to deliver on its promise? In this episode of Energy Evolution, host Eklavya Gupte speaks with James Burgess , senior reporter at S&P Global Energy Platts, and Matthew Hodgkinson , senior principal analyst at S&P Global Energy Horizons, who explain why so many projects withdrew from the auction process and explore what's next for the EU's flagship model for kick-starting the green hydrogen sector. Our experts assess the challenges facing the nascent market and take a look at other recent developments across the region, including the latest from the H2Global import auctions and how the EU's Carbon Border Adjustment Mechanism is affecting hydrogen trade. Related content: News feature: European hydrogen industry digests failure of second EU auction H2Global news (Subscriber content): H2Global European hydrogen import auction opens global lot with Eur353/MWh cap Price assessments (Subscriber content): Spain Alkaline Renewable PPA Derived Hydrogen Eur/kg SARHE00

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What's holding back Europe's hydrogen ambitions? is an episode from Platts Future Energy by S&P Global Commodity Insights.

This episode is 25:25 long.

This episode was published on Feb 24, 2026.

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