The European Commission has approved an additional €1.4 billion in state aid for hydrogen, marking the fourth Important Project of Common European Interest (IPCEI) for hydrogen, known as IPCEI Hy2Move. This initiative complements three other IPCEIs focused on different aspects of the hydrogen value chain. IPCEI Hy2Move, prepared by seven member states, aims to drive research, innovation, and the initial industrial implementation of hydrogen technologies. It is expected to mobilize €3.3 billion in private investment alongside the €1.4 billion in public funds. Eleven companies, including SMEs and start-ups, from various EU states will undertake 13 projects under IPCEI Hy2Move, with the participation of companies like Airbus and BMW. The project aligns with the EU's emission reduction objectives and supports the use of hydrogen as a fuel for achieving climate neutrality by 2050. Margrethe Vestager, Executive Vice-President for 'A Europe Fit for the Digital Age,' highlighted the importance of hydrogen in enabling zero-emission mobility and transport of goods, emphasizing the necessity of collaboration at a European level. The approval of this funding underscores the significance of hydrogen technology in advancing sustainable mobility and addressing climate change.