Commission unlocks €2.7 billion for 54 clean industry projects under the “Innovation Fund”

1 minute read / March 27, 2026

The Innovation Fund is continuing to support the deployment of net-zero technologies across Europe with revenues from the EU Emissions Trading System (EU ETS). 54 cutting-edge projects selected under the Innovation Fund 2024 Call for Net-Zero Technologies have signed their grant agreements, marking a crucial step in scaling up their technologies.

Six additional projects from the reserve list have also been invited to start their grant agreement preparation.

Individual project support ranges from €1.8 million to €216 million.

The selected projects span 17 countries and 17 different industrial sectors, reflecting the diverse pipeline of innovative technologies that are ready to scale. They support a wide range of solutions, including refineries, cement and lime, manufacturing, and renewable energy such as solar or wind, as well as maritime, aviation and road transport (net-zero mobility).

Once operational, the projects are set to avoid around 210 million tonnes of CO₂ emissions during the first ten years. 

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