On 10 December 2024, the European Climate, Infrastructure and Environment Executive Agency (CINEA) and the European Commission's Directorate-General for Climate Action (DG CLIMA) hosted an Info Day to present the key features and award criteria of the Innovation Fund 2024 Auction (IF24 Auction), and a ‘lessons learned’ exercise from the IF23 Auction to present best practices.
During the event, participants had the opportunity to ask questions via Sli.do using #IF24Auction.
The IF24 Auction opened on 3 December and will award €1.2 billion to producers of hydrogen categorised as Renewable Fuel of Non-Biological Origin (RFNBO ) located in the in the European Economic Area (EEA). The auction is conducted by the Innovation Fund, and is a key element of the European Hydrogen Bank.
- EU financing | hydrogen | carbon neutrality | energy industry
- Tuesday 10 December 2024, 09:30 - 13:00 (CET)
- Online only
- Live streaming available
Programme
- 10 Dec 2024, 09:30 - 09:55 (CET)Welcome and Introduction
- Welcome & Introduction presentation
- Policy context presentation
- Implementation context presentation
- 09:55 - 10:30 (CET)IF24 Auction objectives and design
Auction objectives and design
- Results from Innovation Fund 23 Auction
- Auction objectives and key design elements
- Cumulation rules and Auction-as-a-Service
- 10:30 - 10:45 (CET)IF24 application process and qualification requirements
Application process
- How to apply and compulsory documentation
- Admissibility and eligibility criteria including lessons learned
- Financial and operational capacity
- Evaluation and award procedure
- 11:15 - 11:25 (CET)Short break
- 11:25 - 12:10 (CET)IF24 Auction evaluation criteria
Evaluation criteria
- Relevance award criterion
- Quality criteria:
- Technical Maturity
- Financial Maturity
- Operational Maturity
- 12:45 - 12:50 (CET)Closing remarks
Practical information
- When
- Tuesday 10 December 2024, 09:30 - 13:00 (CET)
- Where
- Online only
- Languages
- English
- Part of
Description
With an estimated revenue of €40 billion from 2020 to 2030 from the EU Emissions Trading System, the Innovation Fund aims to create financial incentives for companies and public authorities to invest in cutting-edge low-carbon technologies and support Europe's transition to climate neutrality.
The Innovation Fund already secured nearly €700 million in support for 6 renewable hydrogen projects through the first auction.
On 3 December 2024, the Commission opened three calls for proposals to accelerate the deployment of innovative technologies in Europe: the Innovation Fund 2024 Call (IF24 Call), the Innovation Fund 2024 Battery call (IF24 Battery), and the Innovation Fund 2024 Auction (IF24 Auction). The info day for the IF24 Call and IF24 Battery takes place on 17 and 18 December 2024.
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