The European Commission has approved a significant state aid package for 11 companies, including Airbus, BMW, and Michelin, to develop low-carbon hydrogen technology under the Hy2Move project. The project, jointly prepared by several European countries, aims to drive innovation in transport fuels and attract private sector investment of €3.3bn toward projects like advanced fuel cells and safe hydrogen storage solutions for aviation. Despite the positive outlook, concerns linger about meeting the ambitious 2030 production targets for green hydrogen and the lack of clear criteria for defining 'low-carbon hydrogen.' Margrethe Vestager, the Commission's vice-president, views hydrogen as critical for decarbonising transport but highlights the need for shared investment to mitigate risks. The approval of the state subsidies marks the fourth green hydrogen-related project under the IPCEI, totaling €18.9bn. With the surge in interest in hydrogen as a sustainable solution, stakeholders are cautious about avoiding 'hydrogen hype' and ensuring that hydrogen production aligns with climate goals without prolonging fossil fuel demand.