The European Commission awards €400 million to 65 projects aimed at decarbonizing industrial heat production under its first Innovation Fund Heat Auction. The funding is distributed across 10 European countries, including Austria, Belgium, Czechia, Denmark, France, Germany, Hungary, Portugal, Slovenia and Spain. The projects target energy-intensive industries where heat demand is difficult to electrify, focusing on the deployment of innovative clean heat technologies. According to the reports, the supported approaches include electrification and renewable heat solutions, as well as other technology options intended to reduce emissions from industrial heat generation. The Commission presents the auction as an EU-wide mechanism designed to accelerate the rollout of innovative decarbonization technologies within industry. With this round, the selected projects represent the first set of commitments made through the Innovation Fund heat auction framework, using competitive selection to back industrial decarbonization efforts across the participating countries.
EU selects 65 industrial heat projects for €400 million Innovation Fund auction
The European Commission awards €400 million to 65 projects aimed at decarbonizing industrial heat production under its first Innovation Fund Heat Auction. The funding is distributed across 10 European...
- The European Commission awards €400 million under the first Innovation Fund Heat Auction.
- The program selects 65 industrial heat decarbonization projects.
- Projects are spread across 10 European countries: Austria, Belgium, Czechia, Denmark, France, Germany, Hungary, Portugal, Slovenia and Spain.
- The funding supports deployment of innovative clean heat technologies in energy-intensive industries.
- Reported technology approaches include electrification and renewable heat options.
The European Commission has selected 65 projects under the Innovation Fund Heat Auction, the first ever EU-wide auction to accelerate the deployment of innovative clean heat technologies across European industry. Across 10 European Economic Area countries, Austria, Belgium, Czechia, Denmark, France, Germany, Hungary, Portugal, Slovenia and Spain, the projects will use a wide range of technologies to decarbonise industrial heat production, and […]
3 months agoThe European Commission has awarded €400 million ($465.7 million) to 65 industrial heat decarbonization projects across 10 European countries in its first Innovation Fund heat auction, targeting electrification and renewable heat technologies in energy-intensive industries.
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