In 2020, the European Commission launched the Innovation Fund, a programme that contributes to greenhouse gas (GHG) reduction by focusing on innovative low-carbon technologies and processes in energy intensive industries (such as steel, cement, glass, chemicals, paper), including products substituting carbon intensive ones, carbon capture and utilisation, construction and operation of carbon capture and storage, innovative renewable energy generation and energy storage.
In addition to larger projects with a significant budget, the Innovation Fund is also open to small-scale projects with total capital costs between €2.5 and €7.5 million. Within the small-scale calls for proposals, applicants can benefit from simplified one-stage application and selection procedures.
Currently one such call for proposals is open until 10 March 2021 at 17:00 CET, Brussels.
The first call will fund innovative clean energy and clean industry projects to contribute to the green recovery of Europe’s economy and maintain the momentum in its transition to climate neutrality. Key elements of the first call for proposals for small-scale projects:
► Size: €100 million + project development assistance (PDA);
► Open to small-scale projects from all eligible sectors:
energy-intensive industries, including CCUS, renewable energy, energy storage, substitute products and cross-cutting projects;
► Beneficiaries: single applicants (companies) or consortia;
► Form of support: grant, maximum size per project of up to 60% of the capital costs;
► Capital costs: between €2.5 and 7.5 million.
The results of the evaluation is foreseen for August 2021 and Grant Agreements are set to be signed as early as the fourth quarter of 2021.