The Commission has launched the first call for proposals under the Innovation Fund, which is one of the world's larget programmes for innovative low-carbon technologies.
The fund will finance breakthrough technologies for renewable energy, energy-intensive industries, energy storage and carbon capture, use and storage, providing a boost to the green recovery by creating local future-proof jobs, paving the way to climate neutrality.
The first call will provide funding of €1 billion to large-scale projects for clean technologies to help them to overcome the risks linked to commercialisation and large-scale demonstration, with the aim of helping new technologies to reach the market.
The call is open to projects in eligible sectors from all EU Member States, Iceland and Norway. The funds can be used in cooperation with other public funding programmes. They will be evaluated according to their potential to avoid emissions, innovative potential, financial and technical maturity and potential for scaling up and cost-efficiency.
The deadline for submissions for the first stage is 29 October 2020. For more information, click here.