The European Commission has given the green light to a €400 million Spanish State aid scheme designed to bolster the production of renewable hydrogen. This initiative will be facilitated through the European Hydrogen Bank's innovative 'Auctions-as-a-Service' tool, with auctions scheduled to conclude by 2025. The scheme is strategically aligned with key EU initiatives, including the Clean Industrial Deal and the REPowerEU Plan, which seek to drive decarbonization in the industrial sector and reduce reliance on Russian fossil fuels. Moreover, the scheme plays a pivotal role in advancing the EU's Hydrogen Strategy. Beneficiaries of the aid will receive grants based on their production of renewable hydrogen, with the support set to span a ten-year period. To qualify for the aid, beneficiaries must adhere to EU criteria for renewable fuels of non-biological origin and contribute to the expansion of renewable electricity infrastructure necessary for hydrogen production. This state aid scheme marks a significant step towards boosting renewable hydrogen production in Spain and accelerating the transition to a greener, more sustainable energy landscape.