EU invests over €380 million in new projects to support the green transition
Brussels, 27 October 2023
The European Union is investing over €380 million in 22 new projects to support the green transition across Europe. The projects, which were selected under the European Innovation Council’s (EIC) Accelerator Pilot programme, will receive funding to develop and scale up their innovative solutions in areas such as renewable energy, energy efficiency, sustainable mobility, and circular economy.
The EIC Accelerator Pilot is a highly competitive funding programme that supports breakthrough innovations with the potential to create new markets and jobs. The programme offers grants of up to €2.5 million to individual companies and consortia to help them develop and scale up their innovations.
This latest round of funding brings the total amount invested by the EIC Accelerator Pilot in green transition projects to over €1 billion. The programme has already supported a number of successful companies, such as Sonnen, which has developed a home battery system that stores solar energy, and Voltalis, which has developed a software platform that helps businesses to manage their energy consumption.
The 22 new projects that will receive funding under this latest round include:
- Aquasol (Spain): A company that has developed a solar-powered water purification system that can provide clean water to remote communities.
- BeFC (Germany): A company that has developed a fuel cell system that can be used to power electric vehicles.
- Cellbricks (the Netherlands): A company that has developed a new type of building material made from recycled plastic.
- Circularise (the Netherlands): A company that has developed a digital platform that helps businesses to track and manage their waste.
- E-magy (France): A company that has developed a new type of electric motor that is more efficient and less expensive than traditional motors.
- E-ways (Portugal): A company that has developed a new type of electric vehicle charging station that can be used in public spaces.
- Enerbrain (Italy): A company that has developed a software platform that helps businesses to manage their energy consumption.
- Heliatek (Germany): A company that has developed a new type of solar cell that is more efficient and less expensive than traditional solar cells.
- Ineratec (Germany): A company that has developed a new type of waste-to-energy plant that can convert waste into electricity and heat.
- Lightyear (the Netherlands): A company that has developed a new type of electric vehicle that is more efficient and has a longer range than traditional electric vehicles.
- Moixa (the United Kingdom): A company that has developed a software platform that helps businesses to manage their energy consumption.
- Northvolt (Sweden): A company that has developed a new type of lithium-ion battery that is more efficient and less expensive than traditional batteries.
- OceanGrazer (Germany): A company that has developed a new type of waste-to-energy plant that can convert ocean plastic into electricity and heat.
- Polymerize (the United Kingdom): A company that has developed a new type of bioplastic that is more biodegradable and less expensive than traditional plastics.
- Pulsion (France): A company that has developed a new type of electric motor that is more efficient and less expensive than traditional motors.
- Re-Match (Switzerland): A company that has developed a new type of recycling plant that can convert waste into new materials.
- Sono Motors (Germany): A company that has developed a new type of electric vehicle that is covered in solar panels.
- SunDrive (Germany): A company that has developed a new type of solar cell that is more efficient and less expensive than traditional solar cells.
- TeraVolt (the Netherlands): A company that has developed a new type of battery that is more efficient and less expensive than traditional batteries.
- Urban Electric (Sweden): A company that has developed a new type of electric vehicle charging station that can be used in public spaces.
- Voltalis (the Netherlands): A company that has developed a software platform that helps businesses to manage their energy consumption.
These projects have the potential to make a significant contribution to the green transition by reducing greenhouse gas emissions, improving energy efficiency, and promoting sustainable consumption and production. The EIC Accelerator Pilot is a key part of the EU’s efforts to support the green transition and create a more sustainable future for Europe.
Background
The European Green Deal is the EU’s roadmap for a sustainable future. It aims to make Europe climate-neutral by 2050, while also protecting and restoring its biodiversity. The EIC Accelerator Pilot is one of the key funding programmes that the EU is using to support the Green Deal.
The EIC Accelerator Pilot is a highly competitive funding programme that supports breakthrough innovations with the potential to create new markets and jobs. The programme offers grants of up to €2.5 million to individual companies and consortia to help them develop and scale up their innovations.
More information
Contact
EIC Accelerator Pilot Press Office E-mail: eic-accelerator-pilot-press@ec.europa.eu Tel.: +32 2 296 34 84
EU invests over €380 million in new projects to support the green transition
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