Commission invests €1 billion in innovative clean technology projects: Open first call for proposals


Under the Innovation Fund, the largest funding programme to bring clean innovative technologies to the market, the European Commission launched the first call for proposals on innovation in low-carbon technologies and processes.

The Innovation Fund will finance breakthrough technologies for: renewable energy, energy-intensive industries, energy storage, and carbon capture, use and storage (CCU). It will provide a boost to a green recovery by creating local future-proof jobs, paving the way to climate neutrality and reinforcing European technological leadership on a global scale.

The Innovation Fund will focus on highly innovative technologies and flagship projects with European value added that can bring on significant emission reductions. According to the Executive Vice-President for the European Green Deal, Frans Timmermans: “The EU will invest €1 billion in promising, market-ready projects such as clean hydrogen or other low-carbon solutions for energy-intensive industries like steel, cement and chemicals. We will also support energy storage, grid solutions, and carbon capture and storage. These large-scale investments will help restart the EU economy and create a green recovery that leads us to climate neutrality in 2050.”

The first call for proposals for large-scale projects is open until October 29, 2020. Projects applications can be completed via the EU Funding and Tenders portal.