EUI invests €122 million in innovative projects, including hydrogen, through the Innovation Fund

For the first time since the creation of the Innovation Fund, the European Union is investing €118 million into 32 small innovative projects located in 14 EU Member States, Iceland and Norway. The grants will support projects aiming to bring low-carbon technologies to the market in energy intensive industries, hydrogen, energy storage and renewable energy. In addition to these grants, 15 projects located in 10 EU Member States and Norway will benefit from project development assistance worth up to €4.4 million, with the aim of advancing their maturity. The support will be provided as tailor-made technical assistance by the European Investment Bank, aiming to advance their financial or technical maturity, with a view to potential re-submission under future Innovation Fund calls.

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