CCUS - Key to a Carbon-Free Future
To mitigate climate change and achieve net-zero emissions, Carbon capture, use and storage (CCUS) technologies can help reducing carbon dioxide (CO2) emissions by capturing it at the source (e.g. power plants, steel and cement factories) or directly from the atmosphere (biogenic emissions or atmospheric CO2). After being transported by pipeline, ship, rail or truck, CO2 can either: i) be used as a substitute of fossil-based carbon in construction products, synthetic fuels, plastics and other chemicals; or ii) be safely and permanently stored in underground onshore or offshore geological formations.
EU Funding Opportunities for CCUS
The European Union already have several policies that support carbon capture and storage and/or utilisation, and the associated infrastructure needs. Its strategic objective for 2030 is the deployment of CO2 storage capacity of at least 50 million tonnes per year. The Commission also supports the CCUS Zero Emission Network (ZEN), a coherent ecosystem of CCUS actors capable of decarbonising Europe’s industry and delivering the EU’s climate target plan.
Our team will support you from concept to funding success, fully understanding the unique challenges and opportunities within this pivotal topic, whether your focus is on:
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Carbon capture from industrial & power plants, or via Direct Air Capture (DAC).
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Carbon utilization to produce synthetic fuels (e.g. methane, liquid hydrocarbons), construction materials (e.g. concrete) or chemicals (e.g. methanol, urea, polymers).
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Carbon storage for permanent underground sequestration in depleted oil and gas reservoirs, saline aquifer storage, or basalt rocks, among others.
Relevant funding schemes for CCUS
Connecting Europe Facility (CEF)
A key deliver to the European Green Deal and a EU's decarbonization objectives for 2030 and 2050. With a total budget of €20.73 billion for 2021-2027, the CEF drives economic growth and competitiveness through targeted infrastructure investment supporting the development of the trans-European networks.
Focus is on innovative low-carbon technologies and processes in energy intensive industries with the objective of launching industrial solutions to decarbonise Europe and support its transition to climate neutrality. For all projects sizes, applicants can get up to 60% of the total project capital expenditure.
Horizon Europe Cluster 5
Cluster 5 is dedicated to accelerating Europe’s green and digital transitions, driving economic, industrial, and societal transformation towards achieving climate neutrality by 2050. This includes the energy and mobility sectors to greenhouse gas neutrality alongside supporting other sectors.
The CETPartnership programme aims to empower the clean energy transition and foster collaboration among innovative businesses, promoting cross-border projects for clean energy transition. It offers funding covering 50-75% of project costs, making it an ideal step for SMEs pursuing international projects.
Breakthrough Energy Catalyst
Aims to raise €840 million to fund emerging climate technology projects that significantly reduce greenhouse gas emissions but are currently too costly to scale. The projects include large-scale demonstrations and unique industrial initiatives for clean technologies aligned with the European Green Deal and 2030 climate goals.
Relevant Danish funding schemes for CCUS
Grand Solutions
The Grand Solutions programme supports ambitious and innovative research and development projects that drive technological advancements and create societal impact. With significant funding opportunities, it fosters collaboration between businesses, research institutions, and public organizations to strengthen Denmark’s innovation ecosystem.
The EUDP programme funds innovative energy technology projects that support Denmark’s green transition and global competitiveness. By financing development, demonstration, and market maturation of new solutions, EUDP helps accelerate the deployment of sustainable energy technologies and strengthens collaboration between industry and research.