| Description | The European Commission has announced overwhelming industry interest in the 2025 Innovation Fund auctions, with companies across Europe submitting almost €10 billion in funding requests to support industrial heat decarbonisation and renewable hydrogen production.
Applications closed on 19 February 2026, with the two auctions attracting a combined 143 project proposals requesting approximately €9.8 billion in financial support. The funding demand significantly exceeds the available budget, demonstrating Europe's strong commitment to accelerating industrial decarbonisation and strengthening clean technology deployment.
Supported by revenues from the EU Emissions Trading System (EU ETS), the Innovation Fund will allocate €2.3 billion, complemented by an additional €1.79 billion in national funding from Germany and Spain through the innovative Auctions-as-a-Service mechanism.
|
|---|
