The European Commission has given the green light to a €400 million State aid scheme in Spain aimed at advancing the production of green hydrogen. This initiative will facilitate the construction of up to 345 MW of electrolyser capacity through the innovative 'Auctions-as-a-Service' tool within the European Hydrogen Bank. The fund distribution will be carried out via a competitive and equitable bidding process monitored by the European Climate, Infrastructure, and Environment Executive Agency (CINEA). The primary objective is to generate around 221 kt of green hydrogen and mitigate up to 1 MtCO2 emissions, bolstering Spain's target of achieving 12 GW of installed electrolyser capacity by 2030. Beneficiaries of the scheme will receive direct grants based on the amount of renewable hydrogen produced over a decade. To qualify for these grants, participants must comply with EU regulations on renewable fuels of non-biological origin and exhibit a commitment to utilizing additional renewable electricity. This initiative mirrors similar programs implemented in Germany in 2024, and more recently in Austria and Lithuania in 2025, emphasizing a collective effort within the EU to foster sustainable hydrogen production. The overarching goal of the European Hydrogen Bank is to fortify domestic renewable hydrogen generation and assist in achieving the EU's ambitious aim of producing 20 Mt of hydrogen by 2030 as part of the REPowerEU strategy.