Breakthrough Energy Catalyst
EU Catalyst Partnership
Joint initiative by Breakthrough Energy and the European Commission to finance large-scale Emerging Climate Technology Projects
- Use: R&D; Go2Market;
- Date closing: -
- Amount: -
- Industry focus: Chemical industry; Energy and water supply; Transportation;
- Total budget: 820M €
- Entity type: Foundation
- Vertical focus: Clean hydrogen; Direct Air capture; Sustainable aviation fuel; Long duration energy storage
- Website: https://www.breakthroughenergy.org/catalyst-eu-rfp
- Status: Open
- Funding type: Loan; Equity investment; Blended finance;
- Geographic focus: EU;
- Public/Private: Public/Private
- Stage focus: pre-seed; Seed;
- Applicant target: SME; Startup; LE; RTO; University; Non-for-profit organisation; Mid-cap; Other; Individuals and teams;
The mission of the EU-Catalyst partnership (formed by the European Commission, the European Investment Bank and Breakthrough Energy) is to attract funding from both public and private sectors in order to “accelerate the deployment and rapidly commercialise innovative technologies that will help deliver European Green Deal ambitions and the EU's 2030 climate targets.”
Catalyst will invest in technologies in the phase of the demonstration process, in a portfolio of EU-based projects with high potential in four areas: green hydrogen, sustainable aviation fuel, direct air capture, and long-duration energy storage.
This joint initiative will invest €820 in projects until 2027 with several calls. The first RFP closes on 13 May 2022.
The EU-Catalyst partnership will mobilise up to €820 million ($1 billion) between 2022-2026. Catalyst will be managed by InvestEU.
Who can apply?
Proposals are open to national investments by EU Member States through InvestEU or at project level. Throughout 2022, the first projects will be selected. All types of organizations based in Europe are eligible for funding, as long as they develop innovative technologies in the areas of clean hydrogen, direct air capture, sustainable aviation fuel, and long-duration energy storage, and show a strong potential for deployment and scale-up.
What is the deadline?
Proposals will be open for submission until December 31, 2027, or until all funds have been assigned. Submissions will begin being evaluated after May 13, 2022.
Which projects have been funded so far?
For the moment there is no information available about the funded projects. The first RFP closed on 13 May 2022 and throughout this year the first projects are expected to be selected.
How much funding will the projects receive?
The maximum grant is expected to be 20% assigned equally by both the EU and Breakthrough Energy Catalyst. Before deploying the funds, the Commission, the EIB and Breakthrough Energy Catalyst will analyse thoughtfully the viability of the project so as to evaluate the risks and the quality of the project.
Will it work?
Supporting the innovative technology in the demonstration phase and creating a market for green products will allow the EU-Catalyst partnership to reduce the costs to make it competitive with fossil fuels. This way, its adoption will be faster and will put an end to the reliance of these technologies on public support schemes. One example where it has worked in the past is the case of the photovoltaic.
For further enquiries, read the FAQ of the EU-Catalyst.
Breakthrough Energy Catalyst FAQ
Breakthrough Energy Catalyst Reviews
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