The European Commission has announced the selection of 85 innovative net-zero projects to receive grants worth €4.8 billion from the EU Innovation Fund, a significant step towards deploying cutting-edge clean technologies across Europe. These projects, located in 18 countries, encompass a wide range of sectors including energy-intensive industries, renewable energy, energy storage, industrial carbon management, net-zero mobility, and buildings. By 2030, these initiatives are expected to collectively reduce emissions by approximately 476 million tonnes of CO2 equivalent. The projects aim to address sectors that are particularly challenging to decarbonize, thereby contributing to the EU's decarbonisation objectives. The selected projects are aligned with key EU policy goals such as cleantech manufacturing, energy-intensive industries, industrial carbon management, and renewable hydrogen production. They will significantly enhance Europe's clean energy infrastructure, manufacturing capacity for components in wind and solar energy, electrolyser manufacturing capacity, and renewable energy production for hard-to-abate applications in industry and transport. The Innovation Fund, supported by revenues from the EU Emissions Trading System, aims to incentivize investments in advanced net-zero and low-carbon technologies, with a total funding of €12 billion being allocated to various clean energy projects. Successful applicants are expected to sign grant agreements in early 2025, marking a crucial milestone in the deployment of these innovative initiatives.