Grants have been awarded through the EU Innovation Fund
EU awards €1.1bn in grants to low-carbon projects
Hybrit hydrogen-based steel and K6 carbon-neutral cement projects among recipients of EU Innovation Fund’s first large-scale awards
The European Commission has awarded grants totalling €1.1bn ($1.2bn) to seven large-scale low-carbon technology projects across a range of sectors including hydrogen, steel, biofuels and carbon capture and storage (CCS). The grants are the first awards to industrial-scale projects through the EU Innovation Fund, which is funded by revenues generated by the EU emissions trading scheme. “With the Innovation Fund, the European Commission is granting €1.1bn to empower innovative, forward-thinking businesses that develop cutting-edge technologies and drive the climate transition in their respective fields,” says Frans Timmermans, vice-president of the European Commission. The grants include €88mn
Also in this section
30 April 2025
State administrations are using a flawed metric to justify green energy projects
29 April 2025
Spain’s unprecedented blackout highlighted the risk for green hydrogen producers with exposure to Europe’s creaking power grids
24 April 2025
Liverpool Bay project on track for 2028 startup as Italian energy company reaches financial close with government for CO₂ transport and storage network
21 April 2025
Agreement on a two-tier emissions trading scheme does not go far enough to meet IMO GHG reduction targets, say observers
