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INNOVFUND – Innovation Fund Large Scale Projects – 2023

Innovation Fund Large Scale Projects aiming at contributing to the transition to a climate-neutral economy by 2050 and to the target to reduce emissions by at least 55% by 2030

3 billion euro
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Call synthesis

Institution European Commission
Sectors Research & Innovation
Beneficiaries All beneficiaries
Regions Worldwide

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Priorities and funded actions

Various categories of projects are eligible:

  • Activities that help stimulate the construction and operation of projects that aim at the environmentally safe capture and geological storage of CO2 (CCS)
  • Activities that support the innovative direct electrification of industry replacing conventional fossil fuels use, both in sector specific and crosssectoral uses
  • Activities that support innovative hydrogen production and applications (i.e. hydrogen use as an energy carrier, or hydrogen as a reducing agent, or as a feedstock) in industry
  • Renewable energy installations (in photovoltaics, concentrated solar power, on-shore and offshore wind power, ocean energy, geothermal, solar thermal, and others), including their connection to the electricity/heat grid
  • Construction and operation of pilot projects that focus on validating, testing and optimising highly innovative, deep decarbonisation solutions in sectors eligible for Innovation Fund support

In addition, calls specify the categories of eligible beneficiaries:

  • Legal entities (public or private bodies) established in one of the eligible countries

TOPICS:

Open

  • INNOVFUND-2022-LSC-01-GENERAL
  • INNOVFUND-2022-LSC-02-INDUSTRY-ELEC-H2
  • INNOVFUND-2022-LSC-03-MANUFACTURING
  • INNOVFUND-2022-LSC-04-PILOTS
Financement
  • Total budget of the call: 3 billion euro
  • Amount per topic:
    • INNOVFUND-2022-LSC-01-GENERAL: 1 billion euro
    • INNOVFUND-2022-LSC-02-INDUSTRY-ELEC-H2: 1 billion euro
    • INNOVFUND-2022-LSC-03-MANUFACTURING: 700 million euro
    • INNOVFUND-2022-LSC-04-PILOTS: 300 million euro

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