Horizon 2020: Grants
Energy-related activities have been supported and funded since the first EU framework programme for research.
Today, energy activities are funded under the latest framework programme - Horizon 2020. They are mainly funded under the Societal Challenge: Secure, Clean and Efficient Energy.
With a budget of almost €6 billion, the energy challenge provides grants for research and innovation on:
- greater energy efficiency
- technological breakthroughs in renewable energies
- the energy system
- decarbonising the use of fossil fuels
Horizon 2020: Loans
Besides funding grants, the energy challenge also provides loans. The InnovFin Energy Demo Projects (EDP) facility is a risk finance instrument which is part of the InnovFin financial products of Horizon 2020.
It was launched by the Commission with the European Investment Bank and is specifically designed to support first-of-a-kind commercial-scale demonstration projects in the fields of renewable energy, energy storage, smart grids, and carbon capture utilisation and use. Furthermore, manufacturing processes or services of innovative technologies are also eligible.
The objective is to support the EU's Strategic Energy Technology (SET) Plan, bridging the gap from demonstration to commercialisation and helping roll out the next generation of innovative low-carbon energy technologies to the market.
In July 2016, a first-of-a-kind demonstration project that converts wave energy into electrical power, Wave Roller Device received a loan of €10 million.
Other funding instruments supporting energy research
- European Structural and Investment Funds (ESIF)
- NER 300 for innovative low-carbon energy demonstration projects
- European Fund for Strategic Investments (EFSI)
- LIFE+ Climate Action
- Connecting Europe Facility (CEF)
- Europe's Programme for SMEs (COSME)
- Development cooperation
- European Investment Bank
- Horizon Magazine: Shipwreck-inspired wave power idea nets €10 million for full-scale demo