The European Commission has announced a substantial investment of €992m in 15 large-scale renewable hydrogen projects across the European Economic Area. These projects, spread across five countries, aim to produce nearly 2.2 million tonnes of renewable hydrogen over the next decade, which could prevent over 15 million tonnes of carbon dioxide emissions. This move is part of the EU's broader strategy to reduce reliance on fossil fuels and decarbonise critical sectors such as transportation, chemicals, ammonia, and methanol production. Renewable hydrogen, made using sources like solar or wind power, emits no CO₂ during usage, making it an ideal alternative to fossil fuels in hard-to-electrify sectors like steelmaking and long-haul transport. Additionally, this shift can decrease the EU's dependency on imported oil and gas, particularly from unstable regions, fostering green jobs and innovation in the renewable energy sector. The funding, awarded through the European Hydrogen Bank's auction, provides support ranging from €8m to €246m per project over ten years, with fixed premium subsidies per kilogramme of hydrogen. Three projects specifically target the maritime sector to address its unique challenges, with subsidies ranging from €0.45 to €1.88 per kilogramme. Meanwhile, Spain, Lithuania, and Austria are implementing 'Auctions-as-a-Service' to invest up to €836m in national funding for additional renewable hydrogen projects. The success of these projects is crucial for proving the viability of renewable hydrogen and solidifying Europe's position in the global green transition. The European Commission's commitment goes beyond financial support, signaling a determination to lead in renewable hydrogen development and reshape the continent's energy landscape towards a greener future.