EU invests over €1B in green technology projects

The EU has approved investments of 1.1 billion euros in seven innovative projects in the field of green technologies, European Commission Spokesperson for Climate Action and Energy Tim McPhie said at a briefing in Brussels on November 16, Report informs referring to TASS.

“The European Union is investing over 1.1 billion euros into seven large-scale innovative projects under the Innovation Fund. The grants will support projects aiming to bring breakthrough technologies to the market in energy-intensive industries, hydrogen, carbon capture, use and storage, and renewable energy. The projects are located in Belgium, Italy, Finland, France, the Netherlands, Norway, Spain and Sweden,” he said.