The European Commission is advocating for member states to direct funding towards clean technologies through EU instruments like the European Hydrogen Bank. By utilizing auction and granting mechanisms established by the EU, governments can reduce administrative costs and combine EU and national funding. This concept, inspired by software-as-a-service (SaaS) models in business, is referred to as auctions-as-a-service (AaaS) and grants-as-a-service (GaaS). The Commission's recent Clean Industrial Deal proposal emphasizes the effectiveness of GaaS and AaaS in consolidating resources at both the EU and national levels. As part of a trial initiative, countries are being given the opportunity to engage in the auction process of the European Hydrogen Bank to identify and support renewable hydrogen projects. This move showcases the EU's commitment to promoting financial innovation and collaboration in the field of clean technology.