The Innovation Fund is fed by the auction of CO2 certificates and represents a strong program for the grant financing of innovative CO2 reduction technologies and systems. Only for exceptional lighthouse projects. The “Small Scale Projects” with grants of EUR 2.5-7.5 million are exciting.
Maximum grant per company: Small scale projects: 2.5-7.5 million euros grant
Flat rate: n.a.
Subsidy: Investment cost subsidy: max. 60 % of the eligible investment costs
Funding provider: EU -> INEA
Program budget: several billion euros per year
Funding topics: Commercial demonstration of decarbonization technologies
Eligible to apply: Large companies and SMEs
Formats:
Large Scale Projects: Grants of > 7.5 million euros
Small Scale Projects: Grants of 2.5-7.5 million euros
Application: Two-stage for Large Scale Projects, one-stage for Small Scale Projects, annual calls for proposals
Requirements:
Innovative low-carbon technologies and processes in energy-intensive industries, including products that replace carbon-intensive products
Carbon capture and utilization (CCU)
Construction and operation of carbon capture and storage (CCS)
