The European Commission has launched a second call-out for the Innovation Fund.
€100 million has been set aside to help drive emissions reductions, focusing on innovative energy technologies in renewable energy, heavy industry, energy storage, and carbon capture.
Who can apply?
Small-scale projects with capital expenditure between €2.5 and 7.5 million located in EU Member States, Iceland and Norway. The funds can be used in combination with other public funding sources, such as State aid or other EU funding programmes. Projects will be evaluated against five criteria:
- Greenhouse gas emission avoidance
- Degree of innovation
- Project maturity
- Scalability
- Cost efficiency.
The selected projects will contribute to the transition to a climate-neutral economy by 2050.
To apply:
Applicants can submit their proposals via the EU Funding and Tenders portal where all relevant information is available.
Deadline for submission: 31 August 2022.
Background
The Innovation Fund is one of the world’s largest funding programmes for the demonstration of innovative low-carbon technologies. The Innovation Fund aims to bring to the market industrial solutions to decarbonise Europe and support its transition to climate neutrality.
For the period 2020-2030, the Innovation Fund will allocate around EUR 38 billion from the auctioning of allowances under the EU Emissions Trading system, subject to the carbon prices.
The Innovation Fund is implemented by the European Climate, Infrastructure and Environment Executive Agency (CINEA)