Innovation
Fund

EU's major funding programme for innovative low-carbon technologies. One of the world's largest climate investment programmes.

ABOUT THE INNOVATION FUND

The Innovation Fund supports the demonstration of innovative low-carbon technologies. It's funded from EU Emissions Trading System revenues and provides grants for large and small-scale projects.

€40B

Estimated 2020-2030

60%

Max Funding Rate

€7.5M+

Large-Scale Projects

ELIGIBLE SECTORS

  • Energy Intensive Industries — Steel, cement, chemicals, glass
  • Renewable Energy — Innovative renewables and storage
  • Carbon Capture — CCS and CCU technologies
  • Clean Hydrogen — Production and industrial applications
  • Clean Transport — Maritime, aviation, road transport

FUNDING TRACKS

GRANTS

Small-scale (<€7.5M capex) and large-scale (>€7.5M) project grants with up to 60% funding.

AUCTIONS

Competitive auctions for hydrogen production and industrial process heat decarbonisation.

LOW-CARBON
PROJECT?

Let's discuss if the Innovation Fund is the right fit.