The European Union has approved an investment of nearly EUR 1.25 billion in grants for 41 cross-border energy infrastructure projects. These projects, identified as Projects of Common Interest and Projects of Mutual Interest in 2024 under the Trans-European Networks for Energy policy framework, aim to integrate energy markets and decarbonize the energy system. This funding, part of the Connecting Europe Facility Energy program, is the largest call for proposals to date and includes projects related to hydrogen and offshore electricity grids. EU Commissioner for Energy and Housing, Dan Jørgensen, highlighted the importance of these investments in achieving decarbonization and market integration goals. Notable grants include support for electricity grid projects like the Bornholm Energy Island and the Danube InGrid, which focus on enhancing renewable energy integration and system efficiency. Moreover, the funding includes support for hydrogen infrastructure development studies to mitigate investment risks in this emerging market. Projects in various EU countries will benefit, such as the BarMar-H2med project between Spain and France and hydrogen corridors in the Baltic region. In addition, funding will also contribute to CO2 infrastructure projects. Grants are allocated for the construction of facilities in Greece, the Netherlands, and Denmark to aid in achieving the 2030 target of annual CO2 injection capacity, in line with the Net Zero Industry Act. The decision to allocate this funding follows a positive vote from Member States on the Commission's proposal, with the formal adoption expected soon. The European Climate, Infrastructure and Environment Executive Agency (CINEA) will proceed to prepare grant agreements with the project beneficiaries.