Previous OEE briefings identified an outstanding point of uncertainty for the ocean energy sector in the Innovation Fund ‘Pilot Window’: Are projects eligible if they operate for 15-20 years and generate revenues from power production to cover some of their costs?
The Innovation Fund ‘Pilot Projects’ window had 2 points of uncertainty for the ocean energy sector. OEE has sought more information on both these questions. Below is the latest intelligence & guidance.
Please use the password INNOVFUND22 to watch the video.
The Innovation Fund is the EU’s most powerful tool to fund clean energy pre-commercial projects – including wave & tidal arrays.
It provides a combination of large up-front capex grants and payments linked to power generation milestones.
The 3rd large-scale call opened on 3 November 2022. It has a €300m ‘window’ for Pilot Projects. Projects can get grants of up to €40m – and the window’s scoring system is very favourable to ocean energy.
The Innovation Fund remains competitive, and proposals need to be of high quality. So OEE has organised a members-only webinar on 17 November at 11:00 CEST – to give members the best chance of winning.
Uwe Lutzen, Head of Sector in the European Commission’s ‘CINEA’ Agency will introduce the new Innovation Fund call and answer any questions from the sector.
The new Innovation Fund call has a total budget of €3bn, with several dedicated ‘funding windows’. This briefing focuses exclusively on the €300m ‘Pilot Projects’ window.
Demo projects for highly innovative technologies that can bring on significant emission reductions. Only projects with a total capital expenditure between €2.5m and €7.5m are eligible.
The €100m budget will be shared between innovative renewables, CCS, storage and heavy industries (steel, cement, chemicals, bricks…).
The Connecting Europe Facility funds interconnectors and renewable energy projects with cross-border elements. The program can finance studies and/or works. It has an annual budget of €100m for renewable energy.
The Fund will focus on demo projects for highly innovative technologies and big flagship projects that can bring on significant emission reductions. Only projects with a total capital expenditure above €7.5m are eligible under this call.
Innovation Fund small scale call – €100m to demonstrate innovative energy technologies The call budget – €100m – will be shared between innovative renewables, CCS, storage and heavy industries (steel, cement, chemicals, bricks…).
Please use the password 2020STRATWEEKWEB2 to watch the video.
This members-only webinar will go over the latest updates on the most important European funding opportunities covering the whole spectrum of technology development stages. What’s coming up, who’s eligible and all the important funding information you need to know!
Please use the password STRATWEEK2020WEB1 to watch the video.
This members-only webinar will feature practical tips to help catch the interest of the evaluator in your funding application. Learn how to highlight your successes and the best features of your project to make your company look more attractive – for both public and private funders.