EU Audit Institution
Appears in 1 story
Published critical audit of Innovation Fund performance
The European Commission signed grant agreements worth €2.7 billion with 54 clean industry projects on March 24, 2026 — the largest single disbursement in the Innovation Fund's six-year history. The projects span 17 countries and 17 industrial sectors, from electrolyzer manufacturing to lithium refining for electric vehicle batteries, with individual grants ranging from €1.8 million to €216 million. Four days earlier, the Commission revealed that its 2025 competitive auctions attracted nearly €10 billion in bids from European companies racing to decarbonize, more than double the €4.1 billion available.
Updated May 30
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