Heat olive oil over medium heat in a medium-sized saucepan
Add the onion, garlic and red pepper flakes to the pan. Season with salt and pepper.
Cook, stirring occasionally, until the onion is becoming translucent, about 3-4 minutes, then add the squash and cook for another 2 minutes.
Add the water and raise heat to medium-high. Bring the mixture to a light boil, then reduce the heat and simmer until the squash is soft and the liquid is reduced by half, about 15 to 20 minutes.
Once the squash mixture is done cooking, remove it from the heat and let it cool slightly. Transfer the contents of the pan to a blender and add the hemp seeds, nutritional yeast, and smoked paprika.
Blend until smooth. Be careful of the steam coming from the blender! If it needs a little help blending, add some water, broth, or non-dairy milk 1 tbsp at a time until it is smooth.
Serve over your favourite pasta. Top with more hemp seeds!