EU: roll-out of largest Innovation Fund grants to date

On October 23, 2024 the European Commission (EC) has announced EUR 4.8 billion in Innovation Fund grants. The 85 projects chosen for funding span diverse fields, including hydrogen production, electrolyzer technology and emission-reducing technologies across sectors with high carbon footprints. Grant recipients will sign agreements with the European Climate, Infrastructure and Environment Executive Agency (CINEA) in early 2025.

Hydrogen projects include four green hydrogen plants across Belgium, Germany, France and Finland, as well as one blue hydrogen project in Belgium and a Swedish waste-to-hydrogen plant. Together, these facilities are expected to produce 61,000 tonnes of green hydrogen annually; a vita