European Industries Submit €10 Billion in Bids for Innovation Fund 2025 Decarbonisation Auctions

European industries submitted €10 billion in bids under the Innovation Fund 2025 auctions, focusing on industrial heat decarbonisation and hydrogen production. Applications closed in February 2026, with 143 bids received, indicating a strong commitment to cleaner technologies. The industrial heat auction garnered 85 bids, while the hydrogen auction attracted 58 bids worth €8.4 billion. The submitted projects could prevent nearly 3.8 million tonnes of carbon emissions and deliver over 4 gigawatts of electrolyser capacity. Successful projects will need funding by mid-2026.

Published Mar 24, 2026

European industries submitted €10 billion in bids under the Innovation Fund 2025 auctions, focusing on decarbonisation efforts in industrial heat and hydrogen production. Applications closed in February 2026, with 143 bids received, surpassing available funding.

AI-curated by Theia

The industrial heat auction attracted 85 bids totaling €1.4 billion, targeting emissions reduction from fossil fuel reliance. The hydrogen auction saw 58 bids worth €8.4 billion, primarily for renewable hydrogen production.

These projects could prevent nearly 3.8 million tonnes of carbon emissions and deliver over 4 gigawatts of electrolyser capacity. Germany and Spain committed €1.8 billion in additional support, bringing total funding to over €4 billion. Evaluation results are expected by mid-2026, with final awards anticipated by the end of 2026.