In a significant development for Chile's renewable hydrogen industry, the European Commission, along with the European Investment Bank (EIB), KfW Development Bank, CORFO, and the Chilean Ministry of Energy, has signed agreements to provide substantial funding support. The signing ceremony in Santiago de Chile marked the initiation of the Team Europe Renewable Hydrogen Funding Platform for Chile, aiming to boost the country's green energy sector. This initiative, part of the EU's Global Gateway Investment Agenda, will receive up to €216.5 million in financing, with the EIB, KfW, and EU Latin America and Caribbean Investment Facility contributing to the fund. The funding platform's primary goal is to facilitate the decarbonization of Chile's economy, fostering green job creation and business opportunities for both Chilean and European companies. By supporting renewable hydrogen initiatives, the platform not only benefits the local energy industry but also aids Europe in meeting its renewable hydrogen import requirements. This collaborative effort reflects a shared vision for sustainability and economic growth between Chile and the EU, emphasizing the importance of green energy solutions in driving innovation and job creation. Chile's commitment to achieving 100% clean energy by 2050 aligns well with the objectives of this funding platform. It is anticipated that the initiative will lead to the development of significant renewable energy generation and electrolyzer capacity in Chile, propelling the country towards a cleaner and more sustainable energy landscape. Furthermore, by catalyzing private investment and promoting global cooperation in the renewable energy sector, the platform seeks to establish Chile as a key player in the production and export of green hydrogen. Overall, the Team Europe Renewable Hydrogen Funding Platform for Chile represents a major step towards advancing sustainable energy projects and fostering international cooperation. Through strategic investments and partnerships, the initiative not only supports Chile's energy transition goals but also contributes to the EU's broader agenda of promoting sustainable development and global connectivity.