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InnovFund – Innovation Fund 2023 Auction – RFNBO Hydrogen – 2023

Innovation Fund - The Innovation Fund aims at commercial deployment of innovative low-carbon technologies, with the objective of bringing to market industrial solutions to decarbonise Europe and supporting its transition to climate neutrality.

2024-02-08
800 million euro
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Appeal framework

Call reference InnovFund-2023-AUC-RFNBO-Hydrogen
Program Innovation Fund
Institution European Commission
Sectors Aeronautics & Space Buildings & Public Works Business & Industry Cooperation & Development Employment Energy Environment & Climate Research & Innovation Services to organisations Technology & Digital Territorial Development
Beneficiaries All beneficiaries

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Call reference

InnovFund-2023-AUC-RFNBO-Hydrogen



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Priorities and funded actions

Objective

To cost-efficiently support the new production of renewable fuel of non-biological origin (RFNBO) hydrogen as defined in the Renewable Energy Directive 2018/20218 and its Delegated Acts, in support of the 2030 targets for renewable hydrogen established in this Directive and supported by the REPowerEU Plan9, the Green Deal Industrial Plan10 and the European Hydrogen Bank Communication.

Priorities

  • Priority 1: To connect EU domestic RFNBO hydrogen supply and demand
  • Priority 2: To bridge the cost-gap in the EU between RFNBO and fossil hydrogen as effectively as possible
  • Priority 3: To allow for RFNBO hydrogen price discovery and market formation in the EU
  • Priority 4: To de-risk European RFNBO hydrogen projects, bringing capital costs down and leveraging private capital

Additional information

  • This call for proposals is an open call for proposals.
  • Initial duration of the action: between 10 and 15 years
Financement
  • Total budget of the call: 800 million euro

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