Innovation Fund 2024: New Calls for Net Zero Technologies and Electric Vehicle Battery Cells

|In Evidence|03 December 2024

Photo by Alexa from PixabayToday, December 3rd, two new calls from the Innovation Fund open: one dedicated to net zero technologies, encompassing 5 topics, and another aimed at supporting the production of battery cells for electric vehicles. The budget is €3.4 billion, with an additional €1.2 billion from the second EU hydrogen auction also opening today.

The Innovation Fund is one of the key tools Brussels is betting on, playing a major role in the landscape of European funds dedicated to the energy transition. For this reason, today, in the first week of its new mandate, the European Commission has launched two new Innovation Fund 2024 calls: one (IF24 Call) focused on promoting innovative decarbonization technologies, and another unprecedented one dedicated to electric vehicle batteries (IF24 Battery).

Considering that December 3rd is also the opening date of the second European hydrogen auction by the European Hydrogen Bank, which has €1.2 billion available, the total budget Brussels has put on the table

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