The Q2 2025 European Hydrogen Market Report from Aurora Energy Research identifies the Nordic countries and Iberia as leading regions in Europe for producing cost-competitive and EU standards-compliant renewable hydrogen. Power Purchase Agreements (PPAs) are gaining prominence as preferred procurement strategies, with hybrid setups and battery integration helping to reduce production costs. The report reveals that the global pipeline of hydrogen electrolyser projects has reached 1.3 TW, with Europe driving 77% of new project announcements, demonstrating a strong commitment to hydrogen initiatives. Policy advancements, including the implementation of ReFuelEU and FuelEU Maritime, are enhancing regulatory clarity, with countries like Finland and the Netherlands at the forefront of transposing the RED III directive. Aurora Energy Research also discusses the evolving market dynamics, highlighting the importance of finding commercial viability in hydrogen projects amidst the challenging investment landscape. The report emphasizes the potential transition of the market structure from bilateral agreements to a semi-liquid or fully liquid form, depending on future policy and investment developments. With a focus on easing the global energy transition, Aurora Energy Research leverages its expertise in power market forecasting and analytics to support informed decision-making in the energy industry.