Today, the European Commission announced a total of €2.9 billion in funding to 61 cutting-edge net zero technology projects. The funding comes  from the Innovation Fund, using revenues from the EU Emissions Trading System (EU ETS). These grants follow a first call for net-zero technologies (IF24 Call), launched in December 2024, aiming to strengthen Europe's technological leadership and speed up the deployment of innovative decarbonisation solutions.

The selected projects span 19 industrial sectors, 18 countries and different scales, reflecting the EU's ambition to decarbonise through a wide range of technologies and applications. The focus is on energy-intensive industries, renewable energy and energy storage, net-zero mobility and buildings, cleantech manufacturing and industrial carbon management.

The 61 projects have the potential to significantly reduce greenhouse gas emissions, cutting some 221 million tonnes of CO₂ equivalent over their first decade of operation. This is comparable to the annual emissions of 9.9 million average European cars. This reduction will directly support the EU's objective of achieving climate neutrality by 2050.