Last week the European Commission launched the third call for small-scale projects under the Innovation Fund, one of the world's largest funding programmes for the deployment of innovative low-carbon technologies.

The new call will make €100 million in grant funding available to small-scale projects with a capital expenditure between €2.5 and €7.5 million in the areas of renewable energy, decarbonisation of energy-intensive industries, energy storage, and carbon capture, use and storage. The Innovation Fund can finance up to 60% of a small project's total capital expenditure.

Up to 20 projects evaluated as promising but not sufficiently mature to qualify for a grant may receive project development assistance (PDA) from the European Investment Bank (EIB). 

The call is open until 19 September 2023 for projects that are implemented in any EU Member State, Iceland or Norway.