The European Commission has launched a call for proposals for small-scale projects under the Innovation Fund, a funding program for the deployment of innovative low-carbon technologies.
EUR 100 million is available in the following areas:
- activities supporting innovation in low-carbon technologies and processes in the sectors covered by the European Emissions Trading Scheme, including carbon capture and utilization, that substantially contribute to reducing greenhouse gas emissions
- activities contributing to the construction and operation of projects for the capture and geological storage of carbon dioxide
- activities that contribute to stimulating the construction and operation of innovative renewable energy and energy storage technologies.
These technologies should have the potential to achieve significant reductions in greenhouse gas emissions compared to conventional technologies.
Innovation Fund will support highly innovative technologies and big flagship projects with European value-added that will result in a significant reduction of emissions. The projects expected in the programme are sufficiently mature, have an impact on the reduction of emissions, are innovative, scalable and cost-efficient.
Innovation fund will support up to 60% of additional capital and operational costs linked to the innovation.
Applications are open until September 19th on the European Union funding portal.
Innovation Fund is one of the world’s largest funding programmes for the demonstration of innovative low-carbon technologies. Its focus is on:
- Innovative low-carbon technologies and processes in energy-intensive industries, including products substituting carbon-intensive ones
- Carbon capture and utilisation (CCU)
- Construction and operation of carbon capture and storage (CCS)
- Innovative renewable energy generation
- Energy storage
