The European Commission has given the green light to a substantial €400m state aid scheme to boost renewable hydrogen production in Spain. This initiative will utilize the European Hydrogen Bank's auctions-as-a-service tool, allowing member states to distribute a portion of their national funding to renewable hydrogen projects using an EU-wide auction system. Spain's ambitious plan includes constructing 345MW of electrolyser capacity to generate 221,000 tonnes of renewable hydrogen and cut down one million tonnes of CO₂ emissions. This aligns with Spain's target of installing 12GW of electrolyser capacity by 2030, contributing to the EU's renewable energy goals. The aid, awarded through a competitive bidding process overseen by CINEA, will offer direct grants to companies based on their renewable hydrogen production. Beneficiaries must meet EU criteria for renewable fuels of non-biological origin and support additional renewable electricity deployment for hydrogen production. The European Hydrogen Bank aims to facilitate the production and imports of 20 million tonnes of renewable hydrogen by 2030, financed through EU emissions trading system revenues to accelerate the transition to climate neutrality.