The European Commission has just launched the second call for projects under the Innovation Fund, one of the world’s largest funding programmes for the deployment of innovative low-carbon technologies.
Today, this new call makes available grant funding of €100 million for small-scale projects, with a capital expenditure between €2.5 and 7.5 million for:
-Renewable energy
-Energy-intensive industries, including substitute products
-Energy storage
-Carbon capture, use and storage.
The call is open for projects located in all EU Member States, including Iceland and Norway. The funds can be used in cooperation with other public funding initiatives, such as State aid or other EU funding programmes, as well as combined with private investments.
The projects will be evaluated according to their potential to avoid greenhouse gases emissions, innovation potential, financial and technical maturity, and potential for scaling up and cost efficiency. The application process has only one stage and the selection procedure will be simpler.
Projects can apply via the EU Funding and Tenders portal where more details on the overall procedure are available. The deadline for submission of applications is 10 March 2021. To see more details about the call visit the official EU Commission website.
