The Commission has announced the launching of the second call for large-scale projects under the Innovation Fund. It will finance breakthrough technologies for energy-intensive industries, energy storage, renewable energy and carbon capture, use and storage.

The Innovation Fund is one of the world’s largest programmes for the demonstration of innovative low-carbon technologies, financed by revenues from the auction of emission allowances from the EU’s Emissions Trading System.

Projects will be evaluated according to their potential to avoid greenhouse gas emissions, their innovation potential, their financial and technical maturity, their potential for scaling up and their cost efficiency. The call is open for projects from all EU Member States, Iceland and Norway, until the 3^rd of March 2022.

Boosting Europe’s green transition: Commission invests €1.5 billion in innovative clean tech projects