Innovation fund: European funding available for innovations in decarbonisation
The European Commission has launched a new round of the Innovation Fund, making a total of €4.6 billion available for innovations that contribute to reducing emissions. This amount is intended to support net-zero technologies, such as the production of battery cells for electric vehicles and sustainable hydrogen.
Focus on decarbonisation and sustainable hydrogen
Of the €4.6 billion, €3.4 billion is reserved for projects focused on decarbonisation, while €1.2 billion is allocated to the production of sustainable hydrogen via the European Hydrogen Bank. The Innovation Fund, financed by the EU, aims to strengthen Europe's competitive position while supporting climate objectives.
New call for near-market innovations
The new call of the Innovation Fund, published on 3 December, specifically focuses on projects that want to commercially deploy near-market innovations to reduce greenhouse gas emissions. Both investment costs and operational costs are eligible for financing, with reimbursements of up to 60% of the net project costs.
Information meeting on 27 January
For those interested, RVO is organising an information meeting about this scheme on 27 January. The plenary part of the meeting can be followed digitally. In addition, participants can discuss their project and financing options with representatives of the European Commission on location in The Hague in the morning.
