EU invests €1.8 bln in clean technology projects, including in Poland

The EU will invest more than €1.8 billion in 17 innovative clean technology projects in the third round of Innovation Fund grant allocations. The selected projects are in Bulgaria, Finland, France, Germany, the Netherlands, Iceland, Norway, Poland, and Sweden.

The grants will be disbursed from the Innovation Fund to help bring breakthrough technologies to market in the energy-intensive, hydrogen, renewable energy, carbon capture, and storage infrastructure, and manufacturing critical components for the energy storage and renewable energy sectors.

"Today's grants support innovative European companies to develop the cutting-edge technologies we need to drive the green transition. The Innovation Fund is an important tool for scaling up innovation in renewable hydrogen and other solutions for European industry. Compared to the first round of disbursements, available funds have increased by 60 percent, allowing us to double the number of projects supported. This is a major boost to the decarbonization of the energy-intensive sector in the European Union," Frans Timmermans, deputy head of the European Commission, said.

(PAP)