Last Friday, the European Commission approved a €1.2 billion Spanish initiative focused on accelerating investments in renewable hydrogen production. This initiative aims to propel Spain's transition to a net-zero emissions economy. The funding for this scheme will be entirely sourced from the Recovery and Resilience Facility, following a positive assessment of Spain's Recovery and Resilience Plan. The initiative supports projects with a minimum installed capacity of 100 MW, covering areas like renewable hydrogen production, storage, and renewable electricity generation. To qualify for financial support, applicants need agreements covering at least 60% of the renewable hydrogen they plan to produce. The support will be provided in the form of direct grants, allocated through a competitive tendering process for fair distribution. Spain's initiative aligns with broader European efforts towards clean energy and climate neutrality by mid-century. Renewable hydrogen is seen as a versatile solution for reducing emissions across multiple sectors. The European Commission's approval of this program reflects its commitment to leveraging state aid frameworks to address crises and support sustainable transitions. Spain's robust Recovery and Resilience Plan has paved the way for this significant investment in renewable hydrogen, aiming to create a comprehensive and resilient energy ecosystem. Overall, this strategic investment highlights the European Commission's proactive approach in combating climate change and fostering economic resilience, positioning Spain as a leader in the green energy revolution.