Workshop on geothermal projects in the innovation fund


  • DATE OF THE EVENT: September 23, 2019
  • TIME:
  • LOCATION: Brussels, Belgium

On 23 September 2019, a workshop will be organised in Brussels in order to discuss the place of the geothermal sector in the Innovation Fund.

EGEC Members are welcome to participate in this workshop, notably to present projects that may be eligible for funding from the Innovation Fund, or the type of instruments that would be most valuable in channelling financial support to innovative geothermal projects.

The Innovation Fund is a European Financing programme that stems from the EU ETS, which aims to invest part of the revenues from the European carbon trading scheme to the development of innovative clean energy technologies. The Innovation Fund replaces the NER300. It has a wider scope than its predecessor (with notably a greater focus on energy intensive industries and energy storage) and a larger budget. There remains some need for clarification as to the mechanisms through which funding will be awarded to projects.

The NER300 awarded funding in the form of grants that had to be repayed should the project fail, which made it an instrument that was not aligned with the economic of deep geothermal projects. The Innovation Fund is likely to continue this model, however, discussions are open as to the possibility to award funds to projects by different means, for instance different types of grants or through financial instruments.

Deadline send project presentations > Friday, 30th August 2019 > Thomas Garabetian, EGEC Policy Advisor // // +32 231 84 06 2

Below a figure representing the priorities of the Innovation Fund.

Innovation Fund



Monday, 23rd September 2019
09:30 | Venue: To be confirmed
Brussels, Belgium

9:30 – 10:00
Registration, coffee

10:00 – 10:10
Welcome and introduction; Fausto Batini, Chair ETIP-DG
Chair: Marco Baresi, Vice-President EGEC

10:10 – 10:35

From research to the market – synergies between Horizon Europe and Innovation Fund, Matthijs Soede, European Commission, DG RTD – tbc

10:35 – 10:55
NER 300 lessons learned EIB – tbc

10:55 – 11:20
Presentation Innovation Fund, European Commission, DG CLIMA; – tbc

11:20 – 11:40
Q&A session

11: 40 – 12: 00
Coffee break

12:00 – 13:00
Company presentations Geothermal

13:00 – 13:45
Lunch break

13:45 – 14:15
Company presentations Geothermal

14:15 – 14:40
Exchange on key issues for the 1st Innovation Fund Call, learnings from previous activities

14:40 – 15:00
Summary, conclusions and closing words

15:00 – 15:20
Coffee break

15:20 – 18:00 ETIP DG meeting

Send project presentations to > Thomas Garabetian, EGEC Policy Advisor // // +32 231 84 06 2


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