EU Green Deal Industrial Plan: €500M Fund for Clean Technology Startups
A new dedicated fund targeting European cleantech scale-ups will offer equity investments between €5M and €50M to accelerate the net-zero transition.
The European Commission has announced a €500 million Clean Technology Transition Fund as part of the EU Green Deal Industrial Plan. The fund, managed jointly by the European Investment Bank (EIB) and national promotional banks, will deploy equity investments between €5M and €50M per company.
Eligible Technologies
Priority goes to companies with commercially ready or near-ready solutions in: offshore wind and solar manufacturing, green hydrogen electrolysers, long-duration energy storage, sustainable aviation fuels, industrial decarbonisation, and smart grid infrastructure.
The fund targets scale-ups — companies that have already raised Series A or B and need growth capital to build manufacturing facilities in Europe or expand across borders.
Application Process
Applications open on 15 January 2025 through the EIB Group Innovation & Infrastructure portal. Companies must demonstrate: European incorporation, minimum €2M ARR or equivalent technical milestones, and a credible path to manufacturing in the EU.
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