EASE submitted a response to the European Commission’s Public Consultation on the “European Commission’s Delegated Regulation establishing the Innovation Fund”.
The EC legislative proposal for a revised EU emissions trading system (ETS) reform involves the creation of an Innovation Fund (IF). This fund is meant to support low-carbon innovative technologies, including energy storage technologies, by allocating funds to demonstration projects or projects between TRLs 6-9. It will be financed through the earmarking of revenues from the sale ETS allowances.
Given the importance of the funding that could be available to energy storage projects in the future, EASE drafted a reply to the public consultation.
Read the full response to the public consultation here.