GALWAY, IRELAND--March 11, 2025--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--The European Union (EU) has announced a 100 billion-euro (US$105 billion) funding plan to boost support for energy-hungry industries that face "high energy costs and fierce and often unfair global competition."

Within this article: Details massive EU funding plan to revitalize industrial production while transforming to a low carbon model, areas targeted, key funding and mechanisms, industry response.