Commission Allocates €4.6 Billion to Boost Zero-Emission Technologies, Including Hydrogen
As the first week of its new mandate concludes, the European Commission has made a symbolic gesture by intensifying its commitment to zero-emission technologies. These technologies are vital for ensuring the competitiveness of European industry while achieving climate goals.
€3.4 Billion for Decarbonization and Innovation
The European Commission has launched two new calls for proposals, allocating a total of €3.4 billion to accelerate the adoption of innovative decarbonization technologies across Europe.
General Call for ‘Net Zero’ Technologies
The first call, worth €2.4 billion (IF24), supports decarbonization projects of various scales. It includes funding for renewable energy components, energy storage, heat pumps, and hydrogen production. Member States may also complement this funding with national schemes to maximize its impact.
€1 Billion for EV Battery Production
The second call, focused on electric vehicle battery cell manufacturing (IF24Battery), allocates €1 billion to projects that can produce innovative battery cells or implement advanced manufacturing techniques and technologies.
Second Round of Hydrogen Bank Auctions
In parallel, the European Commission is launching the second auction round of the European Hydrogen Bank, with a total budget of €1.9 billion. This includes €1.2 billion from EU funds and over €700 million from three Member States.
This auction aims to:
- Support renewable hydrogen production projects, with a €1 billion allocation for projects in any sector.
- Fund hydrogen production for maritime sector buyers, with a dedicated €200 million budget.
Additionally, the European Commission has introduced an “auction as a service” mechanism. This allows Member States to finance projects that participated in the auction but were not selected for funding from the Innovation Fund due to budget constraints.
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