EU invests over €1 billion in innovative projects to decarbonise the economy

The seven projects were selected for funding under the first Innovation Fund call for large-scale projects, i.e. projects with total capital costs above €7.5 million. They were evaluated by independent experts for their ability to reduce greenhouse gas emissions compared to conventional technologies and to innovate beyond the state-of-the-art while being sufficiently mature to enable their quick deployment. Other selection criteria included the projects’ potential for scalability and cost effectiveness.

The selected projects cover a wide range of relevant sectors to decarbonise different parts of Europe’s industry and energy sectors, such as chemicals, steel, cement, refineries, and power and heat. All projects are either already part of industrial hubs or kick-start decarbonisation clusters of interconnected industries. 

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