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Funding & Financing Instruments

ERA-NET Smart Grids Plus

ERA-Net Smart Grids Plus is an initiative of 21 European countries and regions. The aim is to enable the right technologies, market designs and customer adoption in order to achieve the Smart Grids vision and goals of Europe: an electric power system integrating renewable energies and flexible consumer and production technologies that can help shape an electricity grid with a high security of supply, coupled with low greenhouse gas emissions, at an affordable price.

What ERA-net Smart Grids Plus wants to achieve during 2015-2020:

  • Initiate and support transnational projects on applied research, piloting and demonstration in the field of Smart Grids, taking a next step in Smart Grids development.
  • Building on existing demos and aiming at pushing solutions already reaching TRL 5-6 to TRL 6-7, with the contribution of stakeholders from 21 participating countries and regions, funded via a co-funded joint call with an overall funding budget of about 40-45 Mio Euros (incl. EC co-fund).
  • More transnational projects resulting from three additional calls, expanding the first co-funded joint call as well as focusing on specific topics and cross-cutting issues.
  • Establishing ERA-Net SG + knowledge community that contributes to Smart Grids development, scaling-up and replication on a European level.

For further information visit the project website

Horizon 2020

Horizon 2020 is the biggest EU Research and Innovation programme ever with nearly €80 billion of funding available over 7 years (2014 to 2020) – in addition to the private investment that this money will attract. It promises more breakthroughs, discoveries and world-firsts by taking great ideas from the lab to the market.

By coupling research and innovation, Horizon 2020 is helping to achieve this with its emphasis on excellent science, industrial leadership and tackling societal challenges. The goal is to ensure Europe produces world-class science, removes barriers to innovation and makes it easier for the public and private sectors to work together in delivering innovation.

There are 3 pillars under H2020:

  • Excellence Science
  • Industrial Leadership
  • Societal Challenges: which will be focused in "Secure, clean and efficient energy" among other challenges.

The Energy Calls in H2020 related to Grids are:

  • Energy efficiency
  • Competitive low-carbon energy
  • Smart Cities and communities
  • SMEs and fast track to innovation energy

Other parts of H2020 of direct relevance to Energy:

  • LEIT - KET materials, nano, electronics, manufacturing, processing
  • FET-open and FET-pro-active
  • Research Infraestructures
  • ERC, EIT
  • SME Instrument
  • JRC direct actions (IET, IPTS)

More information on the H2020 website

EUROPEAN INVESTMENT BANK (EIB)

The EIB is the European Union's bank. It is the only bank owned by and representing the interests of the European Union Member States. It works closely with other EU institutions to implement EU policy.

As the largest multilateral borrower and lender by volume, it provides finance and expertise for sound and sustainable investment projects which contribute to furthering EU policy objectives. More than 90% of its activity is focused on Europe but it also supports the EU's external and development policies.

The EIB supports projects that make a significant contribution to growth and employment in Europe. As part of their counter-cyclical approach, their activities focus on four priority areas:

The EIB raises the bulk of our lending resources on the international capital markets through bond issues.

More information on the EIB website

CONNECTING EUROPE FACILITY (CEF)


The Connecting Europe Facility (CEF) finances projects which fill the missing links in Europe's energy, transport and digital backbone. It will also make Europe's economy greener by promoting cleaner transport modes, high speed broadband connections and facilitating the use of renewable energy in line with the Europe 2020 Strategy. In addition the funding for energy networks will further integrate the internal energy market, reduce the EU's energy dependency and bolster the security of supply. By focussing on smart, sustainable and fully interconnected transport, energy and digital networks, the Connecting Europe Facility will help to complete the European single market.

The CEF will better mobilise private financing and allow for innovative financial instruments such as guarantees and project bonds to gain maximum leverage from this EU funding injection.

The CEF is divided into three sectors:

NER 300


NER 300 is one of the world's largest funding programmes for innovative low-carbon energy demonstration projects. The programme is conceived as a catalyst for the demonstration of environmentally safe carbon capture and storage (CCS) and innovative renewable energy (RES) technologies on a commercial scale within the European Union.Official information is available on the Commission website here.

EUROGIA2020

EUROGIA2020 supports and promotes international partnerships developing innovative projects in low-carbon energy technologies.

EUROGIA2020 is a cluster of the EUREKA network, a decentralized initiative started in 1985 to enhance European competitiveness by supporting businesses, research centers and universities that take part in trans-national projects. It is a bottom-up, industry driven, market oriented programme which addresses all areas of the energy mix, from renewable energy to efficiency, and reduction of carbon footprint of fossil fuels.

It addresses all innovative energy technologies that will:

  • Reduce the carbon footprint of energy production and use
  • Develop new technologies for energy such as solar, wind, biomass, geothermal, energy efficiency, etc.

For further information, visit its official website.

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