The European Investment Bank (EIB) Group has approved a €17.7 billion financing package with a strong focus on battery storage, power grid reinforcement and strategic clean-energy infrastructure, placing these sectors at the forefront of Europe’s green transition. The investment aims to strengthen the EU’s energy security, accelerate the integration of renewables and support the continent’s technological autonomy at a time when storage capacity and resilient networks are becoming critical for decarbonisation.

A significant share of the financing will also be channelled towards major railway upgrades, cross-border energy connections in Greece, Italy and Slovakia, and cutting-edge manufacturing in semiconductors and clean technologies. In total, €4.2 billion of the package was approved under TechEU, the European Union’s largest programme for innovation financing, designed to ensure that breakthrough ideas and advanced technologies can scale within Europe rather than abroad.

The package, endorsed by the Boards of Directors of the EIB and the European Investment Fund (EIF), will strengthen Europe’s competitiveness, economic resilience and global partnerships. Beyond energy infrastructure and semiconductor manufacturing, the funds will support social priorities such as social housing in Belgium, climate adaptation projects in Italy and Germany, and major rail expansions in Spain and Hungary, as well as renewable energy investments by French companies.

“This TechEU financing package boosts Europe’s innovators and strengthens our competitiveness and security,” said EIB Group President Nadia Calviño.

The EIF also approved multiple transactions across Central, Eastern and South-Eastern Europe to reinforce the regional investment ecosystem, including a social impact fund, a growth fund, a securitisation operation in the Baltics and a private credit fund focusing on Central and Eastern Europe.

Outside the EU, the EIB Group backed clean-energy projects in Egypt and Tunisia, new school construction in Benin, and railway upgrades in Montenegro, supporting the EU’s Global Gateway strategy and strengthening Europe’s role in global development partnerships.

The European Investment Bank is the long-term lending arm of the European Union, financing projects in eight priority areas such as climate action, digitalisation, security, cohesion and social infrastructure. In 2024, the EIB Group signed nearly €89 billion in new financing for more than 900 high-impact projects, with around 60% of its annual investment dedicated to climate action and environmental sustainability.