The European Commission has approved a €400 million Spanish State aid scheme to support the production of renewable hydrogen, in line with EU State aid rules and environmental objectives. The scheme, operated through the European Hydrogen Bank's 'Auctions-as-a-Service' tool, aims to accelerate the decarbonisation of EU industry and reduce reliance on Russian fossil fuels. Spain's scheme will support the construction of significant electrolyser capacity and the production of renewable hydrogen, contributing to CO2 emission reductions and national renewable energy targets. Beneficiaries will receive direct grants based on hydrogen production, promoting compliance with EU criteria for renewable fuels of non-biological origin. The competitive bidding process, set to conclude in 2025, will be monitored by the European Climate, Infrastructure, and Environment Executive Agency to ensure transparency and non-discrimination. The European Commission's approval cited the scheme's positive environmental impact, necessity to drive investments, and limited competition distortions. Spain's participation in the European Hydrogen Bank aligns with EU objectives for clean energy transition and climate neutrality, following similar schemes in other Member States. Overall, the approved scheme represents a significant step towards boosting renewable hydrogen production and advancing sustainable energy practices within the EU.