The Research and Innovation Foundation announced on Thursday a new funding programme entitled "Commercial Proof of Concept - Energy" with a budget of €1.6 million to accelerate innovation in the energy sector.

As stated, its primary objective is to support transitioning solutions from pilot deployments to commercial readiness, helping intensify R&D efforts to scale up and optimize solutions already deployed in the field.

It is added that the ultimate objective is to enhance the performance, reliability, efficiency, and cost-effectiveness of existing technologies, ensuring their viability for widespread adoption in primarily industrial and commercial applications.

According to the Foundation, it is expected that through the programme enterprises will have the opportunity to verify the commercial industrial application potential of a technology/knowhow that will address challenges in the areas of energy production, storage, transmission and distribution, and address key challenges in grid integration, renewable energy use and energy system resilience.

It is noted that the maximum funding per project is €200,000 and interested parties can find more information at https://t.ly/3xQsR, with the submission of proposals being made via the IRIS portal by 25 October 2024.

This Call will be funded by the Recovery and Resilience Facility. For further information, interested parties may contact RIF’s Partner Support Centre at 22205000 or email [email protected], the statement concludes.