EU’s Innovation Fund launches €100 million call for innovative clean technology projects
The European Commission has launched a call for small-scale projects under the Innovation Fund, focusing on innovative technologies in renewable energy, heavy industries, energy storage and carbon capture.
The Innovation Fund is one of the world’s largest funding programmes for the deployment of innovative low-carbon technologies. The new call will provide €100 million to help drive emission reductions and boost the uptake of low-carbon technologies and processes in all sectors.
The call is targeting small-scale projects with a capital expenditure between €2.5 and 7.5 million, in renewable energy, energy-intensive industries, energy storage, and carbon capture, use and storage.
Contributing to the transition to a climate-neutral economy by 2050
The funding will help highly innovative technologies, which are sufficiently mature and have a strong potential to reduce greenhouse gas emissions compared to conventional technologies, overcome the risks linked to commercialisation and reach the market. For the first time since the creation of the Fund, the innovativeness of a project will be assessed in comparison to existing technologies in the country where the project will be implemented.
The selected projects will contribute to the transition to a climate-neutral economy by 2050, and will be evaluated against five criteria, including greenhouse gas emission avoidance, degree of innovation, project maturity, scalability, and cost efficiency.
The call is open for projects from all EU member states, Iceland and Norway. Applicants can submit their proposals via the EU Funding and Tenders portal where all relevant information is available, with the deadline for submissions set for 31 August 2022.
About the Innovation Fund
The Innovation Fund is one of the world’s largest funding programs for the demonstration of innovative low-carbon technologies. The Fund aims to bring to the market industrial solutions to decarbonize Europe and support its transition to climate neutrality.
For the period 2020-2030, the Innovation Fund will allocate around €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).
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