-- The European Investment Bank said Monday that it will provide over 2.4 billion euros ($2.82 billion) in new financing to support energy resilience and deep tech innovation amid rising geopolitical pressures.
The funding was announced at Hannover Messe as part of Europe's broader response to global competition in strategic technologies and ongoing energy challenges, the European Investment Fund said.
All agreements signed at the European Union stand are backed by the InvestEU program, reflecting increased support for innovation, technology transfer, and energy resilience across the bloc.
Under a partnership with Commerzbank, the European Investment Bank will provide a 250-million-euro guarantee to enable up to 2 billion euros in investments in electricity grids across Germany and other EU countries.
The initiative aims to strengthen supply chains for key grid components, including cables and transformers, while accelerating digitalization and modernization of energy networks.
The European Investment Bank said the structure is expected to mobilize private capital into critical grid projects, helping improve energy security, reduce industry costs, and enhance system reliability for consumers.
Other investments include support for robotics, automation and artificial intelligence projects, alongside commitments to early-stage deep tech funds, university spin-out financing, and computing-focused venture capital initiatives across Europe.
EIB Vice-President Nicola Beer said the 2.4-billion-euro package will back energy security and key technologies, calling such investment essential for Europe's competitiveness and economic resilience.