Page 48 - European Energy Innovation magazine - autumn 2022 edition

Autumn 2022 European Energy Innovation
48 RENEWABLE ENERGY

The SET Plan (Strategic Energy of particular relevance to them in Conclusion
Technology Plan) is a framework the strategically important field of The new 5% target for innovative
in which energy sectors cooperate renewable energy. At worst, they can renewables will translate into direct
with each other and with help a company developing novel policy support for the manufacturing
Member States to define priority technology in other EU country grow of high-performance technologies and
technologies to develop in given by installing on their land to access provide new opportunities for research
timeframes, with the European the wind, solar, hydro, geothermal centres to help companies with
Commission facilitating the or bioenergy resources they have innovative product development.
discussion in working groups of available.
experts. It will furthermore allow these
The EU should be helpful and proactive companies to scale up innovative
Box 2: The SET Plan is due to be to ensure that the path to reaching technologies to make them market-
updated this year with new tasks the 5% target is smooth. This can be ready and ensure Europe remains
or with a potential new structure
in 2023. accomplished by providing Member at the frontier of renewable energy
States with the process to identify innovation. Innovative technologies
innovative technologies (through to guarantee energy security are
the NECPs and SET Plan) as well as available in Europe but require an
Everyone contributes the instruments to reach the target extra boost to clear risk hurdles.
An important feature of ITRE’s through funding programmes including ITRE’s amendments must find their
amendment is that the indicative Horizon Europe, the Innovation Fund way into the final legislation and
target of 5% is one that all countries and the Clean Energy Transition be followed up with a mechanism
individually must try to reach. I’m Partnership and possibly in the latter to keep deployment support for
sure every country large or small can part of the decade the Renewable innovative technologies squarely in
find some innovative technologies Energy Financing Mechanism. the sights of Member States. l

EUREC has extensive experience in the management
of European co-funded projects, as well as in
communication, dissemination and training activities:
EUREC is the voice of renewable energy research in
Europe, representing European Research Centres active
in renewable energy.
EUREC promotes and supports the development of
innovative technologies and human resources to enable
a prompt transition to a sustainable energy system.

EUREC has two Masters programmes, run by a network
of eight European Universities and research centres
who are leading the way in renewable energy research,
development and demonstration.

www.europeanenergyinnovation.eu