This call is only aimed at large-scale projects. These are projects with a capital expenditure above € 7.5 million. Single applicants or consortia can apply. With a budget of EUR 1.5 billion, which is increased by 50% compared to the previous call, it will finance breakthrough technologies for renewable energy, energy-intensive industries, energy storage, and carbon capture, use and storage. The grant size is a maximum of 60% of the additional costs linked to the innovative low-carbon technology applied.
A second call for small-scale projects is planned to be launched in March 2022 with an expected budget of € 100 million and will remain open for five months. This is meant for projects with a capital expenditure of between € 2.5 million and € 7.5 million. The grant size is a maximum of 60% of capital expenditure.
The Innovation Fund is financed by revenues from the auctioning of emission allowances from the EU’s Emissions Trading System. For more information, see the Innovation Fund website.