Sixteen projects selected for a grant under the Innovation Fund’s second call for small-scale projects have signed their grant agreement with the European Climate, Infrastructure and Environment Executive Agency (CINEA), the implementing body of the Fund. The projects aim to bring low-carbon technologies to the market in energy-intensive industries, hydrogen, energy storage and renewable energy sectors. They will benefit from grants amounting to a total of around EUR 60 million, funded by revenues from the EU Emissions Trading System (ETS).
The projects are located in 10 EU Member States, expanding the Innovation Fund’s reach to new countries such as Czechia, Lithuania, Malta, and Slovenia.
Discover on the CINEA public dashboard who they are.
These projects can make a significant contribution to achieving climate neutrality by 2050. The Innovation Fund calls for proposals for small-scale projects are designed to attract proposals especially from small and medium-sized companies.
Currently, the Innovation Fund has a new call for small-scale projects open for submission until 19 September 2023. To assist applicants in the submission process, a dedicated workshop is being organised on 4 and 5 July 2023. Project promoters will listen to tips on how to avoid common mistakes in their applications, can present their project ideas and ask questions to European Commission’s Directorate-General for Climate Action and CINEA representatives. You can register here until June 13.
Background
Funded by revenues from the auction of emission allowances from the EU’s Emissions Trading System, the Innovation Fund aims to create the right financial incentives for companies and public authorities to invest now in the next generation of low-carbon technologies and give EU companies a first-mover advantage to become global technology leaders.
The Innovation Fund is implemented by the European Climate, Infrastructure and Environment Executive Agency (CINEA), while the European Investment Bank provides the project development assistance to promising projects that are not ready for full application.
