The European Commission has granted approval for the joint control of HyVia by Renault SA and Plug Power France under the European Merger Regulation. The focus of this transaction is on the production and supply of fuel cell light commercial vehicles and hydrogen refueling stations. The Commission's evaluation concluded that the proposed merger would not raise competition concerns due to the companies' limited market positions post-transaction. In 2021, Plug Power and Renault established a 50-50 joint venture to engage in research and development, manufacturing, and sale of fuel cell-powered vehicles and hydrogen solutions. Recently, Plug Power expanded its infrastructure by deploying 13 hydrogen refueling stations across Europe, benefiting customers like Amazon and the HYVIA venture with Renault. This development signifies significant progress in the hydrogen fuel solutions domain. Despite PLUG stock experiencing a significant decline of over 76% in the past year, investors still have options to invest in the company through Global X Hydrogen ETF and ETF Series Solutions Defiance Next Gen H2 ETF. As of the latest check, PLUG shares were down 1.47% at $3.02. The collaboration between Plug Power and Renault in the HyVia merger represents a positive step towards strengthening their presence in the European market and advancing hydrogen technology.