The European Commission has allocated €992 million in public funding to support 15 renewable hydrogen projects in the European Economic Area (EEA). These projects aim to collectively produce 2.2 million tonnes of green hydrogen over the span of ten years, resulting in a reduction of 15 million tonnes of CO2 emissions across sectors such as transport, chemicals, methanol, and ammonia production. The funding, provided through the Innovation Fund, includes fixed premiums ranging from €0.20 to €0.60 per kilogramme for most projects, with subsidies varying between €8 million to €246 million over the course of a decade. Notably, a portion of the funding, amounting to €96.7 million, has been designated for maritime hydrogen applications to support bunkering activities through three projects. Moreover, countries like Spain, Lithuania, and Austria will contribute up to €836 million in national funding using the EU's 'Auctions-as-a-Service' model, aimed at enabling more eligible projects to benefit from financial support. The projects are required to finalize grant agreements by late 2025, achieve financial closure within 2.5 years, and commence production within five years. Furthermore, a third hydrogen auction, with up to €1 billion in funding, is scheduled for the conclusion of 2025. These initiatives align with the EU's objective of generating 10 million tonnes of renewable hydrogen by 2030, with the overarching goal of advancing industrial decarbonisation and reducing dependency on fossil fuels.