On 23 October, the European Commission published the results from the latest round of funding under the Innovation Fund. In total, 85 cleantech projects were awarded.

he European Commission has published the results from the latest round of funding under the Innovation Fund!

Overall, the latest round awarded funding to 85 cleantech projects, amounting to nearly 5 billion euros. The projects selected would contribute significantly to startegic policy objectives includoing support for Energy-intensive industries and the roll-out of industrial carbon management.

11 CCS projects were selected, located in Italy, Hungary, Spain, Netherlands, Norway, Denmark, France, Germany, Sweden,

According to the Commission, the projects selected in this call will capture CO2 and contribute 13% of the target of storing at least 50 million tonnes of CO2 per year (set in the EU's Net-Zero Industry Act) from various hard-to-abate sources in energy-intensive industries, such as cement and lime, (bio)-refineries, chemicals and waste-to-energy.

This is for sure a good start and some reassurance that the EU does recognise the need to scale up ICM in Europe. 

Find out more about projects funded under the innovation fund here: https://climate.ec.europa.eu/eu-action/eu-funding-climate-action/innovation-fund/innovation-fund-projects_en