The Innovation Fund finances demonstration of innovation low-carbon technologies that can contribute to limiting climate change. The European Commission will launch the second call of the Innovation Fund for Large Scale Projects on 26th October 2021, with a deadline foreseen for March 2022.
Innovation Fund for Large-Scale Projects Call is Open
On 26 October 2021 European Commission lunched the second call for large-scale projects as part of the Innovation Fund, financed by revenues from the auction of emission allowances from the EU's Emissions Trading System.
The present call targets projects on low-carbon technologies and processes in all sectors covered by EU Directive 2003/87/EC:
Innovation in low-carbon technologies and processes in sectors listed in Annex I, including environmentally safe carbon capture and utilisation (‘CCU’) that contributes substantially to mitigating climate change, as well as products substituting carbon intensive ones produced in sectors listed in Annex I, environmentally safe capture and geological storage (‘CCS’) of CO2, and innovative renewable energy and energy storage technologies.
The call will finance breakthrough technologies for renewable energy, energy-intensive industries, energy storage, and carbon capture, use and storage. Projects will be evaluated according to their potential to avoid greenhouse gas emissions, their innovation potential, their financial and technical maturity, their potential for scaling up and their cost efficiency.
Only projects with a total capital expenditure above EUR 7 500 000 are eligible under this call. Applicants can benefit from simplified one-stage application and selection procedures.
You will find all information on call description and documentation needed at the Funding & Tenders Portal. Deadline for the application is 03 March 2022, 17:00 (CET).