A non-refundable incentive will be available up to 60% of the relevant costs
The Innovation Fund's 2nd call for large-scale projects is now open. The program aims to support, on a large scale, projects, up to 48 months, that demonstrate highly innovative technologies, processes or products and 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.
A non-refundable incentive will be available up to 60% of the relevant costs (OPEX/CAPEX). The budget is EUR 1.5 billion, with EUR 2 million being made available for technical assistance for project improvement (PDA).
Public and private entities and international organizations belonging to the member states of the EU, Norway or Iceland can apply independently or in a consortium, and with an investment of more than EUR 7.5 M.
Projects will be evaluated on their potential to avoid GHG emissions, innovation potential, financial and technical maturity, expansion potential and cost efficiency.
The deadline for submitting applications is March 3rd, 2022, with only one stage for submitting applications, unlike the previous year.
