The European Commission has announced the winners of the second European Hydrogen Bank (EHB) auction, where 15 renewable hydrogen production projects across the European Economic Area (EEA) will receive a total of €992 million in funding. These projects, located in five countries, are expected to produce nearly 2.2 million tonnes of renewable hydrogen over ten years, contributing to emissions reduction in sectors like transportation, the chemical industry, methanol, and ammonia production. The subsidy aims to bridge the cost gap for the winning projects and accelerate the adoption of cleaner fuels. Notably, three maritime projects in Norway secured €96.7 million to develop hydrogen production for bunkering activities. Apart from the EU funding, Spain, Lithuania, and Austria are providing up to €836 million in national funding for projects within their territories, further propelling the shift towards cleaner energy sources. The upcoming third European Hydrogen Bank auction, scheduled for the end of 2025 with a budget of €1 billion, will continue to promote hydrogen technologies. Additionally, the Hydrogen Mechanism will facilitate market connections and partnerships within the hydrogen sector, reinforcing the EU's commitment to sustainable energy solutions and emissions reduction.