European Commission makes available EUR 100 M for innovative clean technology projects

The 2nd call of Innovation Fund Small-Scale Projects is now open. It’s the largest funding programs to develop projects, up to 3-10 years, that demonstrate highly innovative technologies, processes or products with significant potential to reduce GHG emissions, specifically in the following sectors:

  • Production and use of renewable energy;
  • Carbon capture, use and storage;
  • Energy storage;
  • Substitute products for Energy Intensive Industries.

An incentive will be available up to 60% of the relevant costs. The budget is EUR 100 M for small-scale projects, i.e. projects with a capital investment between EUR 2.5 M and EUR 7.5 M, with EUR 2 M being made available for technical assistance for project improvement (PDA).

The call is open for projects from all EU Member States, Iceland and Norway until August 31st 2022.

Projects will be evaluated against their potential to avoid GHG emissions, their innovation, their financial and technical maturity, their potential for scaling up and their cost efficiency.