Particularly important conclusions emerged from the discussion of the High-Level Policy Conference on the topic: “Did H2 Bank deliver on expectations?”, which was attended by the CEO of Hellenic Hydrogen, Mr. Dimitrios Triantafyllopoulos, along with other distinguished speakers: Alex Paquot (European Commission ), Philipp Offenberg (Siemens Energy ) and Santiago González Herraiz (IDAE. Instituto para la Diversificación y Ahorro de la Energía ), moderated by Daniel Fraile (Hydrogen Europe ), in the context of European Hydrogen Week 2025
In his statement, Mr. Triantafyllopoulos pointed out, among other things: “The European hydrogen market is at a critical crossroads. We have to decide if we want to be competitive, innovative and commercially viable. This requires strategic decision-making by all stakeholders at every stage of the value chain, including the private and public sectors.”
The main points of his intervention in the discussion are summarized as follows:
🔹 The Hydrogen Bank must evolve based on existing market trends, lessons learned from previous auctions and the prospects of global competition.
🔹 The results of the first two auctions show that the procedure has significant geographical distortions. Since this is a European tool, it is not acceptable to exclude the majority of Member States. It is necessary to look for ways to support more states to actively participate in the European hydrogen economy. Dependence on Member State governments is not a solution, as the recent example of the non-implementation of REDIII by most states proves this.
🔹 “Hellenic Hydrogen is working intensively to move its first project, North-1, to FID by the end of 2025. We are optimistic that work on this key project for the wider region will soon begin, with the continuous support of our shareholders, Motor Oil (MOH) and PPC.
The discussion highlighted that Hydrogen Bank is called upon to further strengthen its operation, in order to meet the high expectations and decisively promote the development of the European hydrogen sector.
