Public bodyBelgiumclimate.ec.europa.eu/areas-action/eu-funding-climate-action/innovation-fund/what-innovation-fund_en
Its role Funder
The Innovation Fund is one of the world’s largest funding programmes for the demonstration and deployment of innovative net-zero and low-carbon technologies. It is financed by revenues from the EU Emissions Trading System (ETS) and aims to support projects that can deliver significant greenhouse gas emission reductions while boosting the competitiveness of European industry.
Established under the EU ETS Directive, the fund provides grants through competitive calls for proposals and auctions. It targets sectors including energy-intensive industries, renewables, energy storage, hydrogen production, carbon capture, utilisation and storage (CCUS), and sustainable mobility. Projects are supported across the European Economic Area (EEA).
The programme is managed by the European Commission’s Directorate-General for Climate Action, with day-to-day implementation delegated to the European Climate, Infrastructure and Environment Executive Agency (CINEA). It has an estimated total budget of approximately €40 billion for the period 2020-2030, depending on carbon prices.
By providing risk-sharing support for first-of-a-kind projects, the Innovation Fund helps bridge the gap from demonstration to commercial scale, contributing to the EU’s climate neutrality goals by 2050 and policies such as the Green Deal Industrial Plan and the Net-Zero Industry Act. As of late 2026, it has supported hundreds of projects with billions in grants.
Also known as European Union Innovation Fund.
chemXplore tracks 1 project involving EU Innovation Fund, of which one is active.
A power-and-biomass-to-liquid process uses renewable hydrogen and carbon from forestry residues to produce synthetic fuels and hydrocarbons using modular units for scalable local supply.
EU awards €223m to support Atlas CO₂ transport and storage on the Norwegian Continental Shelf; designed for 6 Mtpa capacity (expandable) with first injection targeted for 2031.
Industrial-scale project to capture about 1 million tCO₂/year at a Barcelona cement plant, combining capture, transport infrastructure and oxy‑combustion technologies.
The contract includes detailed planning for a compact 2,500 m2 factory, boosting efficiency and capacity from 100 MW, leveraging an existing supply chain for rapid scaling.
A new 4 GW electrolyser factory in Norway will be operational by 2025. North American expansion includes a headquarters in 2024 and a multi-GW factory by 2027.
active all projects
