The project “SMARTSPEND” is funded through the European Research and Innovation Programme Horizon 2020 under Grant Agreement No 826044. The project duration is three years (December 2018 to November 2021).
SMARTSPEND is based on two pillars, the “synergies” pillar and the “financial strategies” pillar.
The “synergies” pillar represents the support the SET-Plan implementation. It will fit together 13-non-nuclear SET Plan Implementation Plans to produce a coherent body of research. This will enable funding bodies (in Member States / Associated Countries and Associated Countries and that operate at European level) to create programmes designed for the overall collective interest of all clean energy technologies. Here, representatives of all energy sectors (except nuclear) are brought together to identify common interests in technology development and to identify non-technological barriers that hinder the establishment of technologies in the marketplace. At the same time, the various implementation groups of the SET Plan are involved, so that synergies between the implementation plans can be identified and used.
The “financial strategies” pillar will also get energy sectors to sit together and discuss their common needs for financing, and compare the way in which each federates its European energy R&I interest and presents it to the Commission.
The messages from discussions under both Pillars will be brought to the attention of high-level government officials (ideally ministers). This is SMARTSPEND’s ‘Roadshow’, which will mainly take place in the SET Plan country capitals. In addition, the project will ensure all are better aware of the EU’s soft loan scheme for energy innovation, EDP Innovfin, and of ETS Innovation Fund. Both can complement national or European grants. SMARTSPEND will organise a conference, “Access to Risk Finance” for energy technology developers and the managers of public and private financing or funding schemes. Knowledge of the schemes’ opportunities will be spread widely. The SMARTSPEND consortium has the ideal make-up to reach deep into the community of stakeholders behind each SET Plan energy technology. Leading organisations behind the few technologies not represented in the consortium have sent letters of support to the proposal indicating they will use other funding to join SMARTSPEND’s activities.
FNR’s main task is to liaise with ETIP-Bioenergy.
This project has received funding from the the European Union´s Horizon 2020 research and innovation programme under grant agreement No 826044.