The European Commission has unveiled an ambitious plan to accelerate the transition to a net-zero economy by launching three significant calls with a total budget of 4.6 billion euros. The funding, sourced from the Innovation Fund and EU Emissions Trading System revenues, will drive investments in key areas such as net-zero technologies, electric vehicle battery cell manufacturing, and renewable hydrogen. The first call, valued at 2.4 billion euros, targets a wide range of decarbonisation projects, with a focus on manufacturing components for renewable energy, energy storage, heat pumps, and hydrogen production. Another call worth 1 billion euros aims to boost innovation in electric vehicle battery cell manufacturing, supporting projects that deploy cutting-edge manufacturing techniques. Simultaneously, the Commission is introducing the second auction under the European Hydrogen Bank, allocating 1.2 billion euros to support producers of renewable hydrogen. This funding will benefit projects promoting renewable hydrogen production for various sectors, including a dedicated budget for the maritime industry. To further bolster investments in the battery manufacturing sector, a new partnership with the European Investment Bank will provide a 200 million euro top-up to the InvestEU programme. Additionally, the 'Auctions-as-a-service' mechanism will enable Member States to finance projects that missed out on Innovation Fund support, streamlining the process and reducing costs for all stakeholders. These initiatives underscore the EU's commitment to fostering innovation and sustainability, positioning the region as a leader in clean energy technologies and driving the transition towards a greener future.