The European Union has announced the allocation of nearly €1.25 billion in grants for 41 cross-border energy infrastructure projects as part of its Connecting Europe Facility Energy programme. The funding will support works proposals and studies, with a significant portion directed towards electricity grid projects, including offshore and smart grids. The largest grant of €645 million will back the Bornholm Energy Island project in the Baltic Sea, facilitating the construction of a hybrid interconnector linking Denmark and Germany. Another notable project, Danube InGrid, will receive almost €33 million for a smart electricity initiative between Hungary and Slovakia. The EU is placing a strong emphasis on hydrogen infrastructure development, with over €250 million dedicated to 21 studies aimed at supporting the decarbonisation of the region's industry. These grants will help mitigate investment risks associated with the emerging hydrogen market and complement existing policy frameworks. Projects in multiple EU countries, such as Austria, Belgium, Germany, and Spain, will benefit from this funding, including the BarMar-H2med project between Spain and France. Furthermore, the EU is also focusing on CO2 infrastructure projects, with €250 million allocated for the construction of three projects and nine preparatory studies. The grants will support initiatives like the Prinos storage facility in Greece, the North Sea L10 CO2 storage facility in the Netherlands, and the Norne CO2 facility in Denmark. These projects are crucial for achieving the EU's 2030 target of 50 million tonnes of annual CO2 injection capacity, as outlined in the Net Zero Industry Act and the 2024 call for CEF funding.