The European Commission has granted 400 million euros in state aid to facilitate the development of renewable hydrogen production in Spain, as part of the region's efforts to speed up decarbonization initiatives. This financial support will be allocated through the 'Auctions-as-a-Service' approach of the European Hydrogen Bank and is projected to sponsor the establishment of up to 345 MW of electrolyzer capacity. This capacity is anticipated to generate 221 thousand tons of 'green' hydrogen, a move that is estimated to result in a reduction of approximately 1 million tons of carbon emissions. The aid will be dispensed in the form of direct financing per kilogram of hydrogen for a maximum period of ten years, with strict adherence to EU guidelines on renewable fuels. The responsibility for overseeing the project lies with the European Executive Agency for Climate, Environment, and Infrastructure (CINEA), with the completion of the selection process scheduled for the initial quarter of 2025. This initiative marks a significant step towards advancing sustainable energy practices and combating climate change in Spain, positioning the country as a key player in the transition towards a greener future.