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November 2018
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Thursday, 18 October 2018 11:00

€100 million to support new energy technologies

€100 million to support new energy technologies

The European Commission and Bill Gates-led Breakthrough Energy have signed a Memorandum of Understanding to establish Breakthrough Energy Europe (BEE) – a joint investment fund to help innovative European companies develop and bring radically new clean energy technologies to the market, Caspian Energy News (www.caspianenergy.net) reports with reference to the press release of the European Commission.

Maroš Šefčovič, Vice-President of the Commission for the Energy Union, said: “The scale and speed of what is needed to reach our climate goals require innovative thinking and bold action. Not only is this new public-private investment vehicle being set up in record time, it will also serve as an example of us joining forces to accelerate breakthrough innovation in Europe.”

Carlos Moedas, Commissioner for Research, Science and Innovation, added: “We are delivering on our commitment to stimulate public-private cooperation in financing clean energy innovation. The €100 million fund will target EU innovators and companies with the potential to achieve significant and lasting reductions in greenhouse gas emissions."

More details: http://europa.eu/rapid/press-release_IP-18-6125_en.htm

Person in charge of the newsline: Olga Nagiyeva 

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