Energy

Do you want to invest in the energy sector or make your business greener? 

The global climate crisis is pointed out as one of the most serious risks for the next decade, according to the Global Risks report published by the World Economic Forum. The harmful effects on the planet are already well known, through extreme events such as droughts, fires, floods and loss of biodiversity. Additionally, the invasion of Ukraine by Russia has strongly affected the markets, worsening the energy crisis.

A joint action towards carbon neutrality is urgently necessary, prioritizing energy efficiency, the massification of renewables, where renewable gases - hydrogen and biomethane - have a central role, electrification, digitalization and the development of low carbon products/services.

Public incentives should be an option to consider to finance your investment project, as they are a complementary way to equity or bank credit and can present co-financing rates up to a maximum of 100%, including non-refundable incentive components.

STREAM supports in the elaboration and management of the project, as described below:

  • Elaboration phase: we gather and process all the client's information in order to write a robust application within the stipulated deadline. Complementarily, this service may include the previous registration as a producer of renewable gases, the report to request DGEG's opinion on the technology and complementary services, such as, for example, support to public contracting, among others;
  • Management phase: we follow up and manage the approved project, with the inherent requests for incentive payments and monitoring of indicators during the execution until the project closure. We also monitor the conditionalities of the approval decision.

There are, therefore, different financial instruments for the production of renewable gases, circular economy, bioeconomy and decarbonization, either at national or European level, with co-financing rates that can reach 100%, including non-refundable incentive components, which may be relevant to your investment, namely:

Nationals
PRRP
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Nationals
PO SEUR
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Nationals
P2030
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Internationals
IPCEI
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Nationals
Innovation Support Fund
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Internationals
Innovation Fund
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Internationals
European Green Deal
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Internationals
EUREKA & RTD on a European scale
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Internationals
Green Bonds
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Internationals
InvestEU
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Internationals
Connecting Europe Facility
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Internationals
InnovFin Energy Demo Projects
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NACIONAIS
PPEC - ERSE
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NATIONALS
PDR
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INTERNATIONAL
Line of Credit from the European Investment Bank (EIB)
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+ EUR 190 M in green energy projects

1

Innovation Fund

1

Photovoltaics panels - PDR

1

IPCEI (H2)

5

Renewable Gases Production - PRR (H2)

4

Green Agendas – PRR

3

IS Innovation (Biodiesel)

2

Just Transition Fund

19

Industry Decarbonization

10

Energy Efficiency of Buildings

Hydrogen, the fuel of the future

While direct electrification and heat from renewable sources are in many cases the most cost and energy efficient decarbonization options, there are a number of end-use applications that may not be viable or have higher costs.

In such cases, various renewable or low-carbon fuels such as biogas, biomethane and sustainable biofuels, renewable and low-carbon hydrogen or synthetic fuels can be used through carbon capture, storage and utilization. This covers a range of industrial processes, as well as transport modes such as aviation and shipping, where sustainable alternative fuels such as advanced liquid biofuels and synthetic fuels will have a key role to play.

 

Hydrogen, the fuel of the future

Hydrogen stands out as an energy vector essential to the decarbonization of various sectors of the economy and with potential for the national economy, since Portugal has very favorable conditions for developing a hydrogen economy, with the existence of a modern natural gas infrastructure, competitive production prices of renewable electricity and a strategic geographical location for production and export. 

This renewable gas also brings together the following opportunities:

  • By 2050, it could generate a quarter of total energy demand;
  • 52 billion homes with H2 heating systems;
  • In transport, it could represent:
    • 42 M H2-powered cars
    • 1.7 M trucks
    • 500.000 buses
    • 5.500 trains

Font: Hydrogen Europe Roadmap

Because the future is now, we follow the development of technologies associated with renewable gases and their use at an industrial and commercial level, and we are ready to help your company benefit from public incentives in this area.

Associated with

Hydrogen Technologies and Economics Training