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Europe will invest €2.2 billion on clean energy projects

H2020 2018-2020The European Commission announced today how it will spend the remaining €30 billion of the EU research and innovation funding programme Horizon 2020 during 2018-2020. It will focus efforts on political priorities such as clean energy, low carbon economy, climate action, circular economy, among others.

“These breakthrough innovations will allow to create new markets, business models and jobs” explained the Commissioner for Research, Science and Innovation, Carlos Moedas, during the press conference. That is why Horizon 2020 will also be more geared towards boosting breakthrough, market-creating innovation.

The 2018-2020 Work Programme will focus efforts on fewer topics with bigger budgets, directly supporting the Commission’s political priorities like clean energy.

€2.2 billion will be earmarked for clean energy projects in four interrelated areas: renewables, energy efficient buildings, electro-mobility and storage solutions, including €200 million to support the development and production in Europe of the next generation of electric batteries.

The €30 billion budget also includes 2.7 billion euros to kick-start a European Innovation Council to support high-risk, high-gain innovation to create the markets of the future. Moreover, Horizon 2020 will make better use of its “crack the challenge” prizes to deliver breakthrough technology solutions to pressing problems faced by our citizens.

Horizon 2020, the EU’s €77 billion research and innovation funding programme, supports scientific excellence in Europe and has contributed to high-profile scientific breakthroughs.

NOBEL GRID project,  with a budget of 13,9 M€, has received funding from the European Union’s Horizon 2020 research and innovation programme in 2015.

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