A new alliance spearheaded by Moeve, alongside prominent energy and technological companies, has been established to launch the H2Med Southwestern Hydrogen Corridor involving France, Germany, Portugal, and Spain. The primary goal of this alliance is to expedite the decarbonization process by creating a unified European hydrogen market that interconnects various hydrogen-related projects encompassing production, storage, and consumption. By aiming to implement the corridor by the early 2030s, the initiative seeks to bolster the hydrogen value chain and contribute to achieving climate neutrality in Europe through the utilization of renewable and low-carbon hydrogen. The alliance's efforts are in line with the European Green Deal, Fit for 55 targets, National Energy and Climate Plans, and other strategic frameworks. The collaboration, announced at an event in Madrid, emphasizes the crucial role of cooperation among members across different sectors of the hydrogen value chain to optimize conditions for project development. The Alicante Declaration, a significant outcome of the Euromed summit, reinforces the European commitment to addressing the energy crisis by leveraging hydrogen as a key component for enhancing the continent's energy independence. Through strategic projects like the H2Med, HY-FEN, and HySoW pipelines, as well as the Portuguese and Spanish networks supported by OGE's pipelines, the alliance aims to contribute to the development of the Southwestern Hydrogen Corridor, recognized as Projects of Common Interest by the European Union.