In 2024, the global focus on hydrogen as a key component of decarbonization intensified, with significant advancements and collaborations evident worldwide. The European Commission granted nearly €720 million to seven renewable hydrogen projects, aiming to produce 1.52 million tonnes of renewable hydrogen and mitigate over 10 million tonnes of CO2 emissions. This funding, part of the European Hydrogen Bank, aims to bridge production costs with market prices, fostering the growth of renewable hydrogen as a sustainable energy source. The US Department of Energy allocated $750 million to support 52 hydrogen projects across 24 states, emphasizing advancements in electrolysis technologies and manufacturing capabilities. These projects, funded under the Bipartisan Infrastructure Law, are expected to create 1,500 new jobs and drive innovation in clean hydrogen systems. The EU and Egypt solidified their partnership with €40 billion agreements, focusing on green hydrogen and ammonia investments. These deals, part of a strategic collaboration, aim to enhance renewable energy initiatives and economic stability in Egypt, supported by a €1 billion macro-financial assistance package. The EU highlighted the importance of fostering clean energy hubs and supporting Egypt's green transition. Spain's approval for Enagás to proceed with the H2Med hydrogen corridor signifies a major step in Europe's green hydrogen infrastructure. The €2.5 billion project aims to interconnect hydrogen networks across Europe, enabling the supply of affordable renewable hydrogen by 2030. This project emphasizes the collaborative efforts to expand green hydrogen infrastructure and promote sustainable energy across the continent.