The EU’s Hydrogen Bank auctions are oversubscribed and deliver record-low bids. But three major projects have already walked away — and no hydrogen has been produced. Subsidies alone won’t build a market. Here’s why delivery risks threaten the Bank’s credibility, and what needs to change.

2030 is the year clean energy delivery needs to peak—but the rollout is stalling where it matters most. Permits are slow, grids are full, offshore wind is wobbling, and auctions are going under-awarded. This post breaks down what’s working, what’s failing, and what it will actually take to close the gap between vision and execution.