The European Commission has granted approval for the joint control of HyVia by Renault SA RNLSY and Plug Power France under the European Merger Regulation. This transaction primarily involves the production and supply of fuel cell light commercial vehicles and hydrogen refueling stations. The Commission concluded that the merger would not create competition issues due to the companies' limited market positions resulting from the transaction. In 2021, Plug Power and Renault entered a 50-50 joint venture agreement for the research and development, manufacturing, and sale of fuel cell-powered vehicles and hydrogen solutions. Recently, Plug Power expanded its hydrogen infrastructure by deploying 13 refueling stations in Europe, supporting clients like Amazon and the HYVIA project with Renault. Despite PLUG stock facing a decline of over 76% in the past year, investors have options to invest through Global X Hydrogen ETF and ETF Series Solutions Defiance Next Gen H2 ETF. The approval by the European Commission signifies a positive step in the collaboration between Renault and Plug Power, showcasing advancements in the hydrogen fuel industry.