Timeline
- Q1 2025Grants award and Project Development Assistance
- 22/10/2024Publication of call results
The Innovation Fund selected 85 projects to receive €4.8 billion in grants. These projects plan to reduce greenhouse gas (GHG) emissions by 476 million tonnes of CO2 equivalent over their first 10 years of operation.
- 09/04/2024Deadline to submit applications
When the call closed, we had received 337 applications from 27 countries.
- 23/11/2023Opening of the call
The call targeted Net-Zero technologies.
Call design
With a budget of €4 billion raised from the auctioning of EU Emissions Trading System (EU ETS) allowances, the IF23 Call covered 5 topics:
- General decarbonisation (large-scale) - €1.7 billion available for projects with CAPEX (capital expenditure) above €100 million
- General decarbonisation (medium-scale) - €500 million available for projects with CAPEX between €20 million and €100 million
- General decarbonisation (small-scale) - €200 million available for projects with CAPEX between €2.5 million and €20 million
- Cleantech manufacturing - €1.4 billion available for projects with CAPEX above €2.5 million and focusing on component manufacturing for renewable energy, energy storage, heat pumps and hydrogen production
- Pilot - €200 million available for projects with CAPEX above €2.5 million and focusing on deep decarbonisation (technologies that can reduce relative GHG emissions by at least 75% compared to the reference scenario).
Before launching the call, we consulted stakeholders on the scope of the topics above. We also surveyed the industry’s interest and readiness to apply for funding for cleantech manufacturing and mid-sized pilot projects via the Innovation Fund. Find out more about the outcomes of our consultation and survey.
