The European Commission has given the green light to a €998m Dutch hydrogen production scheme aimed at accelerating the transition to renewable energy sources. This initiative is set to drive the construction of a minimum of 200MW of electrolysis capacity as part of the EU's efforts to achieve climate neutrality. The support will be distributed through a competitive bidding process, scheduled for completion in 2024, where projects with a capacity of 0.5MW or more can participate. Successful applicants stand to receive grants covering up to 80% of initial investment costs, coupled with additional incentives over a period of five to 10 years. To qualify for funding, projects must demonstrate adherence to EU standards for renewable fuels of non-biological origin, as outlined in the delegated acts of renewable hydrogen. Margrethe Vestager, the European Commission Executive Vice-President, emphasized the importance of renewable hydrogen production in meeting the EU's climate goals. The scheme not only facilitates the growth of renewable hydrogen production in the Netherlands but also aims to maintain fair competition practices. This approval follows a previous €246m scheme supporting smaller electrolysis projects, showcasing the EU's continuous commitment to expanding the clean energy sector in the region.