European Commission budgets €4 billion call for proposals on latest clean tech Innovation Fund
The European Commission has opened this year’s Innovation Fund with a budget of €4 billion (US$4.4 billion) to support the development of decarbonisation technologies.
Allocated funds for cleantech manufacturing – for renewable energy, energy storage, heat pumps and hydrogen production on projects with capital expenditure (CAPEX) above €2.5 million – has been doubled with €1.4 billion available to “strengthen industrial manufacturing capacity, technology leadership, and supply chain resilience in Europe”.
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