On 30 November, the European Climate, Infrastructure and Environment Executive Agency (CINEA) and the European Commission's DG Climate Action organised an info day for the Innovation Fund 2023 Auction (IF23 Auction).
The IF23 Auction is the first of its kind in Europe and will award up to €800 million to renewable hydrogen producers in the European Economic Area (EEA). The auction is funded by the Innovation Fund and is a key element of the EU Hydrogen Bank. Bids can be placed until 8 February 2024.
During the event, participants could ask questions via Slido using #IF23Auction.
- EU financing | hydrogen
- Thursday 30 November 2023, 10:00 - 12:30 (CET)
- Online only
- Live streaming available
Programme
- 30 Nov 2023, 10:00 - 10:20 (CET)Welcome and introduction
- Presentation of the Innovation Fund (CINEA)
- Policy context (DG CLIMA)
- 10:20 - 10:55 (CET)IF23 Auction - Objectives & design
- 10:55 - 11:30 (CET)IF23 Auction - Application process & qualification requirements
- Q&A
- 11:30 - 12:25 (CET)IF23 Auction - Assessment criteria
- Q&A
- 12:25 - 12:30 (CET)Closing remarks
Practical information
- When
- Thursday 30 November 2023, 10:00 - 12:30 (CET)
- Where
- Online only
- Languages
- English
Description
With a 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 about €6.5 billion for clean tech projects through its previous calls for proposals. Auctions are a new support mechanism to foster faster and more cost-efficient support for the roll-out of low-carbon technologies.
On 23 November 2023, the Commission is launching two calls for proposals to accelerate the deployment of innovative technologies in Europe: the Innovation Fund 2023 Call (IF23 Call) and the Innovation Fund 2023 Auction (IF23 Auction). The info day for the IF23 Call is taking place on 7 December 2023.