Today, the European Commission is launching the third call for small-scale projects under the Innovation Fund, one of the world’s largest funding programmes for the deployment of innovative low-carbon technologies. This call for small-scale projects will further boost the deployment of industrial solutions to decarbonise Europe.
| Deadline for submission of applications | 19 September 2023 – 17:00 CET |
The new call will make €100 million in grant funding available to small-scale projects with a capital expenditure between €2.5 and €7.5 million in the areas of renewable energy, decarbonisation of energy-intensive industries, energy storage, and carbon capture, use and storage.
The Innovation Fund can finance up to 60% of a small project’s total capital expenditure. This will help pioneering innovative technologies to overcome the risks usually linked to commercialisation and to enter the market. Projects will be evaluated based on their potential to avoid greenhouse gas emissions, innovation, their financial, technical and operational maturity, and their potential for scaling up as well as their cost-efficiency.
The Innovation Fund is implemented by the European Climate, Infrastructure and Environment Executive Agency (CINEA), while the European Investment Bank provides project development assistance to promising projects that are not sufficiently mature.
Projects can apply via the EU Funding and Tenders portal, where information on the procedure is available . Applicants will be informed about the evaluation results in the first quarter of 2024. Grants are expected to be awarded to successful projects in June 2024.
