October 2024 / Policy Papers
Strategic Technologies for Europe Platform (STEP): Analysis on Proposed Measures to Fund Cleantech
The EASE Secretariat prepared an analysis of the regulation establishing the Strategic Technologies for Europe Platform (STEP) and its potential impact on the energy storage industry. STEP, which entered into force on 1 March 2024, aims to strengthen the competitiveness of the EU industry and boost investments in critical technologies throughout the EU.
STEP:
- will reallocate existing resources from EU funds and programmes to achieve its objectives, while an additional €1.5 billion is earmarked for the European Defence Fund,
- supports investments in clean technologies, including battery and energy storage technologies and strategic projects recognised under the Net Zero Industry Act (NZIA) and the Critical Raw Materials Act (CRMA),
- introduces a Sovereignty Seal, serving as a quality label to grant STEP projects visibility and easier access to funding.
Made public on October 2024.