The European Commission has recently cleared a financial aid of EUR 80 million from the Dutch government to support a groundbreaking project focused on testing the feasibility of producing renewable hydrogen through alkaline electrolysis. Djewels BV, a subsidiary of HyCC BV, plans to initiate construction this year with the project expected to be operational by 2027. This project is considered a pioneering initiative in the EU, aiming to showcase the production of renewable hydrogen with high current density electrodes, high-pressure hydrogen output, and minimal space requirements. The funding gap for the 20-megawatt project will be covered by a direct grant from the government, with a clawback mechanism in place to return excess revenues if the project performs exceptionally well. Additionally, the project beneficiary is obligated to share the gained technical knowledge across the industry. The European Commission has hailed this project as an important step towards achieving the EU's Hydrogen Strategy and the goals of the European Green Deal. The EU's Hydrogen Strategy, established in 2020, has set ambitious targets for renewable hydrogen production capacity, aiming for 10 million metric tons by 2030 and the installation of 40 gigawatts of electrolysis capacity. The Commission has also granted financial support to Netherlands and Spain for their renewable hydrogen projects, emphasizing the importance of advancing green hydrogen technology in Europe. The Netherlands' financial support will aid in constructing 200 MW of electrolysis capacity, contributing to the country's targets of achieving 500 MW by 2025 and 3-4 GW by 2030. The initiative is expected to result in significant CO2 emissions reductions, aligning with national and EU climate objectives. Similarly, Spain's support for green hydrogen projects will focus on installations with a minimum capacity of 100 MW, funded through the Recovery and Resilience Facility. These developments demonstrate a strong commitment towards promoting sustainable energy solutions and reducing carbon emissions, marking a positive outlook for the future of green hydrogen in Europe.