From fossil fuels to green energy. With the Innovation Fund, the European Commission supports companies that develop new technologies for the energy transition. Three Dutch hydrogen projects have already received this support from an earlier round. In the autumn, companies will once again have a chance to win the Innovation Fund.
The Innovation Fund is one of the largest funding programs in the world. The European Commission (EC) is making a total of €10 billion available to finance ground-breaking, low-carbon projects.
New call for Innovation Fund
The EC will make a third call in the autumn. Projects that have so far been unsuccessful can also apply. To further reduce dependence on Russian fossil fuels, the committee is doubling the subsidy amount to approximately €3 billion.
Netherlands Enterprise Agency (RVO) supports companies with a serious interest in a contribution from the Innovation Fund. RVO experts can help with substantive questions about the application and possibly combining subsidies. Interested companies can contact email@example.com.
Dutch hydrogen projects with European support
In the 2nd subsidy round, 3 Dutch hydrogen projects received support from the Innovation Fund. These were: Holland Hydrogen, FUREC and ELYgator. In total, the EC divided €1.8 billion in this round over 17 large-scale European projects.
By the name of Holland Hydrogen, Shell is building a 200 megawatt electrolysis installation on the Maasvlakte. The electricity for the production of the green hydrogen comes from the offshore wind farm Hollandse Kust (north). The green hydrogen replaces the gray hydrogen at the Shell Pernis refinery.
Energy company RWE processes non-recyclable solid waste streams in the FUREC project and converts them into hydrogen. Installations in Haelen, Limburg, make granules (pellets) from organic waste. A gasification installation at the Chemelot industrial complex then turns the waste into hydrogen. The circular hydrogen replaces gray hydrogen from a number of companies on the Chemelot industrial estate.
In the ELYgator project, Air Liquide is investing in a 200 megawatt electrolysis installation in the province of Zeeland. The installation supplies 15,500 tons of green hydrogen annually. Air liquide also supplies the by-products oxygen and heat to the industry of Zeeland.
About the Innovation Fund
Executive Vice-President of the Commission, Frans Timmermans: “The grants support European companies to develop advanced technologies that we need for the green transition. The Innovation Fund is an important instrument to scale up innovations for renewable hydrogen and other industry solutions.”
Compared to the second payout round, the available money from the Innovation Fund in round 3 increases by 60%. This allows the EC to support twice as many projects.