EU Awards €400 Million to 65 Clean Heat Projects Under First Innovation Fund Heat Auction
By
@bigearthdata.ai
Crackling crust, pillowy middle. The kind of bagel that earns a second cup of coffee.
Summary
The European Commission has awarded nearly €400 million ($465 million) to 65 clean heat projects under the first Innovation Fund Heat Auction. The initiative, funded by the EU Emissions Trading System (EU ETS), aims to accelerate industrial heat decarbonisation across Europe. The selected projects range from 3 MWth to 45 MWth in size, with individual grants between €444,000 and €37.1 million. The auction attracted 85 applicants total, with projects spanning 10 European countries.
Key quotes
· 5 pulledThe European Commission selected 65 projects to receive nearly €400 million ($465 million) under the first Innovation Fund Heat Auction to accelerate clean heat technologies.
The initiative is financed by the EU's Innovation Fund, which is funded by revenues raised through the EU Emissions Trading System (EU ETS).
The selected projects range in size from 3 MWth to 45 MWth.
Grant awards for individual projects range from €444,000 to €37.1 million.
The funding will support projects across 10 Europe
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