Europe's Billion Euro Electrification Auction

Europes Innovation Fund announces a €1 billion auction to electrify industrial processes, marking a global first in carbon emission reduction. The initiative targets process heat, accounting for 25% of Europes industrial CO2 emissions, and supports technologies like heat pumps and electric boilers. The auction, set for December 2025, signals a shift towards electrification as a core strategy for industrial decarbonization, offering a faster and more immediate solution than hydrogen or carbon capture.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.