The EU Commission approves a Spanish measure worth €220M to support an engineering company in the production of renewable hydrogen (Cobra)

State aid: Commission approves €220 million Spanish measure to support COBRA in production of renewable hydrogen* The European Commission has approved, under EU State aid rules, a €220 million Spanish measure to support Cobra Instalaciones y Servicios, S.A. (‘COBRA') in the production of renewable hydrogen, with the aim of promoting its use in industrials sectors. The measure contributes to the achievement of the EU Hydrogen Strategy and the European Green Deal targets, while helping reduce dependence on Russian fossil fuels and fast forward the green transition in line with the REPowerEU Plan. Today's decision follows the approvals on 15 July 2022 and on 21 September 2022 of two Important Projects of Common European Interest (IPCEI ‘Hy2Tech' and IPCEI ‘Hy2Use') in the hydrogen value