Closed on 31 August with a budget of €100 million, this second call for projects received 66 applications for funding to develop clean technologies. These funded projects are expected to accelerate the EU’s green transition through the development of these new technologies.
This call for projects is part of the European green recovery policy, set in particular by the climate and energy objectives of the European Green Deal.
The 66 applications for funding come from projects implemented in 22 Member States and are divided into three categories:
- Renewable energies (25)
- Energy storage (8)
- Energy-intensive industry including carbon capture, use and storage (33)
These projects represent a total of €307.3 million, three times more than the initial package, funded by revenues from the EU’s Emissions Trading System (ETS).
The second phase of the call includes the assessment of project eligibility and selection. European Commission is expected to announce the selected projects at the end of 2022. The third call for proposals will be launched in November with a budget of €3 billion to support European energy independence.
The EU Innovation Fund aims to encourage investment in new low-carbon technologies and accelerate Europe’s transition to climate neutrality.
Source: Second EU Innovation Fund call for small-scale projects: 66 applications for the €100 million funding for clean tech projects