The European Commission has launched its second hydrogen auction to support renewable hydrogen production in the European Economic Area. With a budget of €1.2 billion, of which €200 million is reserved for projects in the maritime sector, the auction aims to accelerate clean energy initiatives. Applicants have until February 20, 2025, to submit their proposals, and successful bidders are expected to finalize grant agreements within nine months. The commission is also focusing on funding net-zero technologies and electric vehicle battery cell manufacturing, with a total allocation of €3.4 billion. This significant investment reflects the Commission's dedication to decarbonization objectives, aiming to boost European industries' competitiveness in strategic sectors. The first auction, held in 2023, drew substantial interest, with multiple projects awarded funding for renewable hydrogen production in various European countries. These initiatives showcase the EU's commitment to fostering innovation and sustainability in the energy sector.