Europe

European Innovation Funding

European Innovation Funding

Europe

Europe continues to provide strong incentives to support battery innovation EU Commission launches €4bn 2023 Innovation Fund for innovative decarbonization technologies including energy storage (alongside €3bn for batteries):

Budget

Min. CAPEX

Large scale general decarbonization

€1.7bn

Medium scale general decarbonization

€20m to €100m

Small scale general decarbonization

€2.5m to €20m

€1.4bn

Cleantech manufacturing

Pilot

£11m awarded to innovation projects.

Summary

Construction and operation of innovative energy storage technologies

Includes improving scale-up, supply chain resilience and strategic autonomy in Europe A higher degree of innovation is expected than the other topics

Source: Innovation Fund; Battery Supply Chain Fund; Innovate UK KTN; UKBIC-£36m; UKBIC-£38m; InnovateUK KTN-AMBIC; APC

battery

£36m and £38m to upgrade the UK Battery Industrialisation Centre. £12m to create the Advanced Materials Battery Industrialisation Centre. £86.9m to 16 projects for scale-up and R&D of net-zero vehicle technology (of which 12 are focused on batteries for EVs and their supply chains).

Extracted from the PDF; charts and images may read imperfectly.