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Call key data
Innovation Fund 2024 Net Zero Technologies – General decarbonisation – Large-Scale Projects
Funding Program
Innovation Fund
Call number
INNOVFUND-2024-NZT-GENERAL-LSP
deadlines
Opening
03.12.2024
Deadline
24.04.2025 17:00
Funding rate
60%
Call budget
€ 1,200,000,000.00
Estimated EU contribution per project
min. € 100,000,000.00
Link to the call
Link to the submission
Call content
short description
This call is aimed at large projects with the goal of general decarbonization.
Call objectives
The following activities can be funded under these topics:
- Innovation in Low-Carbon Technologies and Processes: activities that support innovation in low-carbon technologies and processes in sectors listed in Annex I and Annex III to the EU ETS Directive 2003/87, including projects focusing on the utilization of waste heat and improvements in electrification and energy efficiency within industrial processes and energy systems; activities involving environmentally safe carbon capture and utilisation (CCU) that significantly mitigate climate change, development of products that substitute carbon-intensive ones produced in sectors listed in Annex I to the EU ETS Directive.
- Carbon Capture and Storage (CCS): activities supporting the construction and operation of projects focused on the environmentally safe capture and geological storage of CO2 (CCS).
- Innovative Renewable Energy and Energy Storage Technologies: activities supporting the construction and operation of innovative renewable energy and energy storage technologies.
Carbon capture and utilisation can be funded if the capture of CO2 occurs within one of the activities listed in Annex I of the EU ETS Directive, or if the utilisation of CO2 results in products substituting carbon-intensive ones from the sectors listed in Annex I to the EU ETS Directive, even if carbon is captured outside the activities of Annex I.
Hydrogen use in industry (i.e. hydrogen use as an energy carrier, reducing agent, or feedstock) and hydrogen production projects with a demonstrated sufficient degree of innovation can be funded under these topics. Projects installing and operating mature electrolyser technologies for production of RFNBO hydrogen, without additional relevant innovation in the use of the produced hydrogen, are strongly encouraged to apply to the Innovation Fund auction call for RFNBO Hydrogen.
In the maritime and aviation transport sector, support can be provided to, for example, breakthrough innovative technologies and infrastructure, including energy efficiency, sustainable alternative fuels, electrification, and zero-emission propulsion technologies such as wind technologies, including innovative infrastructure in the maritime sector, particularly for EU container transhipment ports. Production and installation of new or retrofitted innovative technology (e.g. energy system, engine or equipment) into a ship or plane is eligible for funding provided that the manufacturing and/or installation is done in EU/EEA. For EU ETS Annex III sectors, support can be provided to innovative low-carbon activities, including renewable energy integration, energy-efficiency, zero-emission vehicles, alternative fuels, process optimisation and waste heat recovery.
Projects should contribute to building industrial capacity, technology leadership, supply chain resilience and strategic autonomy within the EU/EEA.
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Eligibility Criteria
Regions / countries for funding
Iceland (Ísland), Liechtenstein, Norway (Norge)
eligible entities
Education and training institution, International organization, Non-Profit Organisation (NPO) / Non-Governmental Organisation (NGO), Other, Private institution, incl. private company (private for profit), Public Body (national, regional and local; incl. EGTCs), Research Institution incl. University, Small and medium-sized enterprise (SME)
Mandatory partnership
No
Project Partnership
In order to be eligible, the applicants (beneficiaries and affiliated entities) must:
-
be legal entities (public or private bodies)
-
be established in one of the eligible countries: any country in the world.
Specific cases:
Natural persons are NOT eligible (with the exception of self- employed persons, i.e. sole traders, where the company does not have legal personality separate from that of the natural person).
International organisations are eligible. The rules on eligible countries do not apply to them.
Entities which do not have legal personality under their national law may exceptionally participate, provided that their representatives have the capacity to undertake legal obligations on their behalf, and offer guarantees
for the protection of the EU financial interests equivalent to that offered by legal persons.
EU bodies (with the exception of the European Commission Joint Research Centre) can NOT be part of the consortium.
Entities composed of members may participate as ‘sole beneficiaries’ or ‘beneficiaries without legal personality’. Please note that if the action will be implemented by the members, they should also participate (either as beneficiaries or as affiliated entities, otherwise they cannot claim part of the grant).
other eligibility criteria
- Projects must be located in EU Member States or EEA countries (i.e. Norway, Iceland or Liechtenstein).
- Projects may also be located in Northern Ireland on the condition that they concern the generation, transmission, distribution or supply of electricity.
- Financial support to third parties is not allowed.
- Only projects that have not reached financial close at proposal submission date can be funded.
- For maritime sector projects:
- when the projects concern investments on ships, those ships must carry a flag of an EU Member States or an EEA country and call ports under the jurisdiction of an EU Member State or EEA country (see list here) on a regular basis (at least 15% of their calls on ports over two years); or must call ports under the jurisdiction of an EU Member State or EEA country (see list here) on a regular basis (at least 30% of their calls on ports over two years); or perform service or support activities in ports under the jurisdiction of an EU Member State or EEA country.
- when the projects concern investments in ports infrastructure (e.g. renewable alternative fuel bunkering infrastructures in ports, including container transhipment ports), the ports must be under the jurisdiction of an EU Member States or an EEA country (see list here).
- The project must:
- reach financial close within four years after grant signature (maximum time to financial close)
- operate at least five years after entry into operation (minimum GHG emission avoidance monitoring period):
- Project duration (grant duration) normally ranges between 3 and 15 years, from grant signature to the final payment. Projects of longer duration may be accepted in duly justified cases. Extensions are possible, if duly justified and through an amendment.
Project budget:
Project budgets (requested grant amount) must be calculated on the basis of the relevant costs, using the provided relevant cost calculator and respecting the conditions set out in the Guidance on the relevant cost methodology. The maximum grant amount must not exceed 60 % of the relevant costs. Only projects with relevant costs higher than zero are eligible.
Only projects with a capital expenditure as indicated below will be eligible under this call: Capital expenditure above EUR 100 000 000
‘Capital expenditure’ means all project costs (as defined in the Guidance on the relevant cost methodology) for project development or construction, that are incurred or to be incurred before the project’s entry into operation and which relate exclusively to the following categories:
- construction costs
- site infrastructure costs
- development costs
- intangible assets
- contingencies
Additional information
Topics
Relevance for EU Macro-Region
EUSAIR - EU Strategy for the Adriatic and Ionian Region, EUSALP - EU Strategy for the Alpine Space, EUSBSR - EU Strategy for the Baltic Sea Region, EUSDR - EU Strategy for the Danube Region
UN Sustainable Development Goals (UN-SDGs)
project duration
between 3 and 15 years
Additional Information
Proposals must be submitted electronically via the Funding & Tenders Portal Electronic Submission System (accessible via the Topic page in the Search Funding & Tenders section). Paper submissions are NOT possible.
Proposals must be complete and contain all the requested information and all required annexes and supporting documents:
- Application Form Part A — contains administrative information about the participants (future coordinator, beneficiaries and affiliated entities) and the summarised budget for the project (to be filled in directly online)
- Application Form Part B — contains the technical description of the project (to be downloaded from the Portal Submission System, completed and then assembled and re-uploaded)
- Part C contains additional project data and the project’s contribution to EU programme key performance indicators (to be filled in directly online)
- mandatory annexes (where templates are available to be downloaded from the Portal Submission System, they must be used, completed, assembled and re-uploaded, unless instructed otherwise):
- detailed budget table/relevant cost calculator (‘financial information file’) (see template)
- participant information (including CVs and previous projects, if any) (see template)
- timetable/Gantt chart (see template)
- GHG emission avoidance calculator (see template)
- feasibility study (see template)
- business plan (see template)
- detailed financial model — applicant’s own financial model with detailed information on model assumptions and calculations to derive the financial projections (i.e. with use of formulas, no hard coded figures, nor macros) including as minimum requirements: detailed financial model with project assumptions; funding sources and uses; projected financial statements; calculation sheet(s); sensitivity analysis.
- There are two options to calculate the relevant costs – see Guidance on the relevant cost methodology). If you use the ‘reference plant’ calculation methodology (Option 2 in the Guidance on the relevant cost methodology), the detailed financial model must include, in addition, all relevant data and calculations related to this reference plant.
- extended Part C form (for statistical data collection, see template)
- project shareholders’ financial resources — description of the financial standing of the project shareholders, including provision of cash flow, profit and loss account and balance sheet statements over the last three years (if available, consolidated or social accounts); if the financial statements of the shareholder entities are publicly available, it is sufficient to provide the website link.
- Supporting documents:
- project funding support documentation (see Annex 3)
- project contract terms documentation (see Annex 3)
- due diligence reports (if any)
- permits, licences, authorisations (if any)
- other annexes - only for projects using ‘reference plant’ calculation methodology for relevant costs:
- If you use ‘reference plant’ calculation methodology (Option 2 in the Guidance on the relevant cost methodology), you must also include documents necessary to assess the credibility of the data of the reference plant, such as proof of planning such a (reference) plant/unit as an alternative to the project, formal board documents, financial reports, internal business plans or studies. These documents should include description of assumptions underlying the costs and revenues data and calculations, where relevant supported by quotes from (potential) suppliers and customers and by external market studies if available (no template is available for those documents).
Proposals are limited to maximum 70 pages (part B). Feasibility study, business plan and knowledge sharing plan must not exceed 60 pages each.
Call documents
INNOVFUND-2024-NZT Call documentINNOVFUND-2024-NZT Call document(714kB)
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