The European Commission has announced the selection of 15 renewable hydrogen production projects across the European Economic Area (EEA) for public funding. These projects, spread across five countries, aim to produce nearly 2.2 million tonnes of renewable hydrogen over the next decade, leading to a reduction of more than 15 million tonnes of CO2 emissions. The funding, totaling €992 million from the EU's Innovation Fund sourced from the EU Emissions Trading System (ETS), will support various sectors including transportation, the chemical industry, and the production of methanol and ammonia. The winning bidders, chosen after the European Hydrogen Bank's second auction, will benefit from a subsidy to bridge the gap between production costs and market prices, thereby accelerating the adoption of cleaner fuels in Europe. Through these auctions, the European Hydrogen Bank is instrumental in the upscaling of renewable hydrogen, which will contribute to the displacement of natural gas, coal, and oil in industries and transport, ultimately enhancing the EU's energy independence and positively impacting security, job creation, and industrial decarbonization. The selected projects will now proceed to prepare grant agreements with the European Climate, Infrastructure, and Environment Executive Agency (CINEA), with signings expected by September/October 2025. This initiative marks a significant step towards advancing the transition to clean energy in Europe.