The EU has introduced two significant initiatives to advance the deployment of innovative decarbonisation technologies and accelerate the production of renewable hydrogen. With a budget of EUR 3.4 billion, the EU launched calls for proposals aimed at driving the adoption of technologies crucial for achieving net-zero goals. The primary focus is to enhance the competitiveness of European industry while aligning with climate objectives. Additionally, a EUR 1.2 billion auction under the European Hydrogen Bank will bolster the production of renewable hydrogen in the European Economic Area, with funding sourced from EU funds and contributions from Member States. The initiatives are part of efforts to utilize the Innovation Fund, leveraging revenues from the EU Emissions Trading System. The inclusion of resilience criteria in the calls aims to fortify European industry against dependence on a single supplier, ensuring sustainable and secure operations. Projects eligible for the funding will undergo assessments based on various criteria including emissions reduction potential, innovation level, project maturity, replicability, and cost efficiency. Moreover, the EU has allocated funds for a specific call supporting electric vehicle battery cell manufacturing, with a focus on innovative technologies and processes. This initiative, with a budget of EUR 1 billion, seeks to drive advancements in battery cell production for electric vehicles and promote the deployment of cutting-edge manufacturing techniques. Overall, the EU's endeavors highlight a strategic push towards fostering innovation, sustainability, and resilience in crucial sectors like renewable energy, decarbonisation, and hydrogen production. These initiatives not only support the transition to a greener economy but also aim to strengthen the competitiveness of European industries in a rapidly evolving global landscape.