The European Commission has announced a new call for proposals under the Innovation Fund program, aimed at supporting the development of low-carbon technologies.
The total budget of the call amounts to 2.4 billion euros, with the goal of strengthening European competitiveness and capacity in energy-intensive industries, renewable energy sources, energy storage, as well as carbon capture, utilization, and storage, according to the SolarPower Europe association.
The Innovation Fund is one of the world’s largest programs for financing low-carbon technologies, with funds secured through the EU Emissions Trading System.
With an estimated revenue of 40 billion euros from the Emissions Trading System between 2020 and 2030, the EU Innovation Fund is designed to provide financial incentives for companies and public authorities to invest in advanced technologies, thereby supporting Europe’s transition toward climate neutrality.
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The funding is intended for projects of all sizes – from smaller pilot initiatives to large-scale industrial endeavors – with a focus on validating, testing, and optimizing innovative solutions. The priority is given to clean technologies with the potential to bring significant change, not only in industries but also in everyday life across Europe.
Five European projects are joining forces to help companies successfully compete for Innovation Fund financing. The projects 2DPLOI, DIAMONDS4IF, H2IF, LEADS, and REALIZE, originating from the Horizon 2020/Europe research and innovation programs, will showcase advanced technologies that provide solutions to greenhouse gas emissions.
A multidisciplinary team of experts from these projects will work on preparing top-tier proposals tailored to the Innovation Fund’s stringent criteria. The focus will be on innovation, emission reduction potential, project maturity, scalability, and cost efficiency. The aim is to ease the path to financing for companies and provide support in implementing technologies that can shape Europe’s sustainable future.
Energy Portal
