European Commission announces funding for Clean Industrial Deal

European Commission announced funding initiatives as part of the Clean Industrial Deal, including a €1 billion Hydrogen Bank call in Q3 2025, a €1 billion pilot auction for decarbonisation of industrial processes, and a planned Industrial Decarbonisation Bank with a budget of €100 billion in Q2 2026. Hydrogen Europe expressed support for these initiatives, emphasizing the importance of funding for the economic viability of clean tech projects. The Industrial Decarbonisation Bank will facilitate technology-neutral support across various industrial sectors.