The European Commission (EC) approved the Project of Common European Interest – Cloud Infrastructure and Services (IPCEI-CIS) programme in late 2023.
In this programme, around 100 companies and knowledge institutes from 12 EU countries will cooperate on developing new and innovative data and cloud solutions for industrial companies and in areas such as hydrogen and processors.
With the approval, the EC gave the go-ahead for a €2.6bn investment in the development of a European cloud infrastructure that is open, decentralised and accessible. Funding of the IPCEI-CIS programme is partly via the 12 member states, but also by plenty of private investment from companies and knowledge institutions involved.
