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Italy to invest EUR 502m in clean innovation until 2026


17 Nov 2023 15:23

17 Nov 2023 15:23

(Montel) Italy is set to invest EUR 502m from 2024-2026 to boost innovative clean technologies in the renewables, energy storage, hydrogen and nuclear sectors, the energy minister said on Friday.

“Our commitment to supporting the country’s energy transition is further strengthened with a significant increase in public resources dedicated to supporting research and innovation of clean technologies to contain climate-altering emissions,” said Gilberto Pichetto Fratin in a statement.

Of the total, EUR 182m would go to renewables, power grid technologies and energy storage, EUR 118m to renewable hydrogen, and EUR 135m to nuclear, the ministry said.

The nuclear funding would be divided into researching fusion technologies for the long term and small third and fourth generation modular reactors for the short to medium term.

The ministry allocated EUR 36m to projects involving critical raw materials, electrolysers, biohydrogen, biofuels and integrations with networks.

The remaining EUR 11m would go to international projects aimed at ensuring industrial cooperation with the main institutions in the energy sector, it added.

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