The European Commission has greenlit a significant EUR 1.4 billion joint state aid package proposed by seven countries to boost research and development endeavors in hydrogen technologies and applications. The IPCEI Hy2Move initiative, focusing on the hydrogen value chain, will back 13 innovative projects involving 11 companies. These projects cover a wide range of areas, including integrating hydrogen technologies in transport means such as buses, trucks, maritime, and aviation. Additionally, the aid will support advancements in fuel cell technologies, hydrogen storage tanks, and hydrogen production techniques. The EU's hydrogen strategy targets a production capacity of 10 million metric tons by 2030, aligning with its aim for zero-emission mobility and transport. Moreover, the European Hydrogen Bank's initial auction results directed EUR 720 million towards seven renewable hydrogen projects, with plans to produce 1.58 million tonnes of hydrogen and offsetting 10 million tonnes of CO2 emissions over a decade. These projects are set to benefit various sectors like steel, chemicals, maritime transport, and fertilizers with subsidies ranging from EUR 8 million to EUR 245 million. The producers will receive a premium per kilogram of output, ensuring continued support for up to 10 years.