In a move to strengthen net-zero technologies crucial for European industry competitiveness and climate goals, the EU Commission has unveiled initiatives under the Innovation Fund. A substantial €3.4 billion is earmarked for accelerating decarbonisation technologies and electric vehicle battery manufacturing, emphasizing the continent's leadership in cutting-edge innovations. Additionally, a €1.2 billion budget, with an added €700 million from three Member States, aims at advancing renewable hydrogen production within the European Economic Area. The calls for proposals prioritize resilience criteria to safeguard against supplier dependencies, reflecting the EU's commitment to fostering regional autonomy in key sectors. The Innovation Fund's 'Grants-as-a-Service' model is introduced, enabling Member States to supplement the Net-Zero Technologies Call with national funding schemes. Furthermore, a €1 billion initiative targets electric vehicle battery cell manufacturing to spur technological advancements and enhance Europe's clean energy transition. The Commission's collaboration with the European Investment Bank entails a €200 million loan guarantee to support investments in the EU's battery manufacturing sector over three years. Alongside, the second auction of the European Hydrogen Bank, with €1.2 billion allocated from the EU Emissions Trading System revenues, seeks to boost producers of renewable hydrogen across various sectors. The increased budget compared to the previous auction underscores the Commission's push for sustainable hydrogen production. Notably, the 'Auctions-as-a-Service' mechanism enables Member States to fund projects not selected under the Innovation Fund, streamlining support for renewable hydrogen production. Spain, Lithuania, and Austria have pledged significant national funds to back projects within their territories. Overall, the initiatives signal a positive outlook on advancing sustainable technologies and enhancing Europe's position in the global market.