Hydrogen Bank and more funding mechanisms to support Europe’s clean tech future – The 3rd Hydrogen Bank call has been confirmed to take place in Q3 2025 with a budget of €1 billion

As part of today’s announcement from the European Commission on the Clean Industrial Deal, three important announcements on the funding side took also place:

• The 3rd Hydrogen Bank call has been confirmed to take place in Q3 2025 with a budget of €1 billion.

• This year will also see the launch of a €1 billion pilot auction on the decarbonisation of key industrial processes across various sectors supporting industrial decarbonisation and electrification.

• Finally, an Industrial Decarbonisation Bank is planned for Q2 2026 with a budget of €100 billion.

The Industrial Decarbonisation Bank will derive its budget from the Innovation Fund, additional revenues resulting from parts of the ETS, and the revision of InvestEU, while operating under the governance of the future Competitiveness Fund (MFF).

This new bank will enable technology-neutral support across industrial sectors, including via carbon contracts for difference (CCfD). Through a fair distribution of support across Member States, it will bridge the project funding gap in both capital and operational expenditure.

The pilot decarbonisation auction will be funded using a combination of existing resources under the Innovation Fund and auctions-as-a-service.