The European Commission has awarded €992 million in funding to 15 projects spread across Germany, Spain, Finland, Norway, and the Netherlands, aimed at producing renewable hydrogen. This initiative is part of efforts to reduce carbon emissions in heavy industry and transport sectors. The projects are projected to generate approximately 2.2 million tonnes of renewable hydrogen over a decade, leading to the avoidance of more than 15 million tonnes of CO2 emissions. Hydrogen is seen as a crucial component in the transition towards cleaner energy, especially for industries and sectors with challenging emissions to abate using traditional renewable sources like wind or solar power. Although around 90 million metric tons of hydrogen are currently produced annually, a significant portion comes from fossil fuels, resulting in pollution and greenhouse gas emissions. The development of clean hydrogen, such as green hydrogen produced using renewable energy, necessitates substantial investments in infrastructure, electrolysis, and transportation. The European Commission's investment follows its commitment to upscale hydrogen production in Europe, with plans to enhance renewable hydrogen domestic production. Future auctions under the European Hydrogen Bank are slated, including one at the end of 2025 with a budget of up to €1 billion. Additionally, a 'Hydrogen Mechanism' platform will be introduced to facilitate deals between buyers and sellers in the hydrogen market. Teresa Ribera, EU Commission Executive Vice-President for Clean, Just and Competitive Transition, stressed the importance of building a robust renewable hydrogen market to achieve climate neutrality cost-effectively, thereby enhancing energy independence and promoting job creation.