Europe’s Security Depends on Cleantech Delivery 🛡️ As we’re entering the final months of 2026, Europe faces a tough winter ahead with persisting high energy prices and the risk of physical shortages due to geopolitical turmoil.

Yet three rounds accounted for half of equity investment, while deal activity fell to 73. Larger transactions demonstrate that European companies can attract substantial backing, but declining early-stage activity risks weakening the pipeline behind them.

One Big Beautiful EU Geothermal Act? 🌋

🎙️But next-gen geothermal lacks the political focus and will needed to enable it to scale. VP @martinhojsik just launched a new Working Group for the Cleantech Friendship Group in the European Parliament, with the goal of making Europe a powerhouse for next-generation geothermal.

Europe’s flagship Innovation Fund has committed €11.6 billion to cleantech projects. Yet by mid-2025, only €332 million – 2.7% – had reached project promoters. This is unsustainable and must change.

The Innovation Fund can be one of Europe’s most powerful tools for bringing clean technologies from demonstration to early commercial scale. The ETS review is the moment to start making it fit for that task.