The European Commission has announced the selection of 15 renewable hydrogen production projects across the European Economic Area, receiving €992 million in public funding through the Innovation Fund. These projects are set to accelerate the production of 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 projects, spanning sectors like transportation, chemical manufacturing, and methanol production, aim to replace fossil fuels in high-emission industries. Additionally, a dedicated support of €96.7 million for maritime hydrogen highlights the focus on decarbonizing sectors like shipping. Spain, Lithuania, and Austria have also committed up to €836 million in national funding to back eligible local projects, using the 'Auctions-as-a-Service' mechanism. The Commission emphasized the role of Hydrogen Bank auctions in scaling up renewable hydrogen, promoting energy independence, supporting decarbonization, and job creation. Each selected project will receive funding over a 10-year period, with contracts expected to be signed by late 2025. Future plans include a third EHB auction in 2025 and the launch of the Hydrogen Mechanism to facilitate connections within the hydrogen economy.