The call for applications for large energy projects in the program financed by the EU Innovation Fund has started. The program is open to projects with capital expenditure exceeding EUR 7.5 million and using innovative technologies in the field of renewable energy, energy storage and carbon capture, use and storage as well as energy-intensive industries.

Projects will be assessed in one step, and the main selection criteria were: degree of innovation, potential to avoid greenhouse gas emissions, possibility of wide application of the technology, financial and technical maturity of the project and cost-effectiveness.

The budget allocated to co-financing selected projects amounts to EUR 1.5 billion. The deadline for submitting applications is March 3, 2022. The results of the evaluation will be published in the third quarter of 2022, and the grant of support and the signature of grant agreements will take place at the end of the year.

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