The Modernization Fund aims to support investments in the development of new technologies and the modernization of existing facilities in the energy sector, with a focus on renewable energy sources and energy storage. Key Program 1 is focused on promoting the development of renewable energy sources and energy storage capacities, with a focus on supporting the growth of the industry and the integration of renewable energy sources into the grid. The call for projects aims to support investments in the development of electrical energy storage capacities, specifically batteries, which are a crucial component in the integration of renewable energy sources into the grid. The funding will support the development of new battery technologies, improve existing battery management systems, and enhance the overall efficiency and reliability of energy storage systems. The call for projects will be open to private sector companies, research institutions, and universities, and will be evaluated based on the project’s technical merit, economic viability, and environmental impact. The funding will be provided through the Modernization Fund, which is a key component of the EU’s energy and climate policy.
The call is for the development of new technologies and the creation of new jobs in the energy sector. The call is open to all EU member states and is a key component of the European Green Deal.
The European Green Deal: A New Era for Energy Storage
The European Union has launched a new call for proposals for the development of new energy storage technologies, marking a significant step forward in the EU’s efforts to reduce greenhouse gas emissions and transition to a low-carbon economy.
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A Key Component of the European Green Deal
The European Green Deal is a comprehensive strategy aimed at making Europe the first climate-neutral continent by 2050. The deal includes a range of initiatives and policies designed to reduce emissions, increase energy efficiency, and promote the use of renewable energy sources. Energy storage is a critical component of this strategy, as it enables the efficient use of renewable energy sources and helps to reduce the intermittency of solar and wind power.
A Call to Action for EU Member States
The new call for proposals is open to all EU member states and is designed to support the development of new energy storage technologies and the creation of new jobs in the energy sector.
The deadline for submission is 15th March 2021, 17:00 hours. The projects must be submitted in the required format, as specified in the call document.
The Call for Bids: A Comprehensive Guide
Understanding the Call
The call for bids is an essential step in the process of selecting a project to be implemented in the framework of the European Union’s Horizon 2020 program.
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