Next calls for Innovation Fund

The European Commission will launch the second call of the Innovation Fund for Large Scale Projects  on 26^th October 2021, with a deadline foreseen for March 2022.

The Innovation Fund, announced in 2019, finances demonstration of innovation low-carbon technologies that can contribute to limiting climate change. In particular, the fund will support innovative low-carbon technologies and processes in energy-intensive industries, carbon capture and utilisation (CCU), carbon capture and storage (CCS), innovative renewable energy generation and energy storage.

To be eligible, projects must have total capital expenditure of more than EUR 7.5 million and be located in the EU, Norway or Iceland. Project grants will cover up to 60% of costs, and applicants may be multi-entity consortia or single organisations, including public bodies. The foreseen budget for this call is between EUR 1.3 and 1.5 billion.

Additionally, it has been announced that the second call for Small Scale Projects, with a total capital expenditure lower than EUR 7.5 million, will open March 2022, with deadline in August 2022, with a foreseen budget of EUR 100 million.