European Commission President Ursula von der Leyen has announced a new funding round of €1.2bn for hydrogen projects in Europe, emphasizing the importance of using equipment from European innovators to secure energy independence and create jobs. The funding aims to accelerate clean lead markets and develop infrastructure to connect large-scale hydrogen projects with end-users across industries. Europe is committed to meeting binding renewable hydrogen targets by 2030, with over 2 gigawatts of renewable hydrogen projects receiving final investment decisions in the past year. The continent plans to produce 10 million tonnes of renewable hydrogen by 2030, showcasing European leadership in the sector. Investments in European hydrogen are projected to grow significantly, with the region outpacing the US in project decisions and poised to contribute a substantial portion to global electrolysers investments.