EU awards €400 million to 65 industrial heat projects in auction

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The European Commission awarded €400 million to 65 projects focused on industrial heat decarbonization across ten European countries. These projects aim to advance electrification and renewable heat technologies in energy-intensive industries as part of the Innovation Fund heat auction.

The 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.