The European Commission has given the green light for a €400 million State aid scheme in Spain to boost the production of renewable hydrogen. This initiative will be facilitated through the European Hydrogen Bank's "Auctions-as-a-Service" tool. The primary goal of this scheme is to accelerate the decarbonization of the EU industry as part of the Clean Industrial Deal. By supporting the construction of up to 345 MW of electrolyser capacity, it is expected to yield approximately 221,000 tonnes of renewable hydrogen within Spain. Moreover, this step will significantly aid Spain in achieving its national objective of installing 12 GW of electrolyser capacity by the year 2030. Additionally, the scheme will help in meeting the targets for the consumption of renewable fuels in both the transport and industrial sectors. This move not only reduces the dependency on Russian fossil fuels but also fast-tracks the green transition towards a more sustainable energy landscape.