A total of €359 million has been allocated to seven projects, most of which involve renewable energy technologies or energy efficiency. Renewable energy technologies are one of the bank's priority lending objectives for 2007.
Launched in June of this year, the RSFF was set up with the goal of improving access to financing for the promoters of research and innovation projects. Currently the uncertain, risky nature of these initiatives makes it harder for them to attract financing. The scheme is financed jointly by the European Commission (through the Seventh Framework Programme) and the EIB.
According to the European Commission and the EIB, there has been significant demand for funding in a range of priority sectors under the Lisbon Agenda, as well as from European Technology Platforms (ETPs) and Joint Technology Initiatives.
Two of the projects slated to receive RSFF funds involve solar thermal power plants in Spain. The Andasol Solar Thermal power plant, which lies some 60 km southeast of Granada, will receive €120 million of funding. The plant consists of a field of parabolic troughs along which a vacuum tube circulates a fluid which heats up to over 400°C. This heat is then used to produce power in a vapour turbine.
The second solar plant, the Solucar Solar Thermal power plant near Seville, uses an alternative technology. Here, a field of mirrors will concentrate the sun's rays onto a thermal receiver mounted on the top of a tower. It will receive funds of €50 million.
Meanwhile, Spanish company Abengoa is set to receive €49 million from the RSFF for projects in a range of renewable energy sectors, including bioethanol, hydrogen and fuel cells.
AVL is an Austrian technology and engineering specialist focusing on powertrain/engine and related technologies and is a member of the ETP for embedded systems (ARTEMIS). Its €30 million loan will support the development of clean and efficient automotive power trains. The project also involves research into hydrogen fuel technologies and energy technologies designed to improve energy efficiency.
A €30 million loan also goes to German company Eberspächer, which will use the funds to further develop its work in exhaust technology and heating systems for cars and trucks.
Biotechnology is the subject of one of the projects financed; Spanish firm Zeltia will receive €30 million to develop and commercialise potential cancer drugs. As Zeltia's work focuses on rare or orphan diseases, funding is sometimes hard to come by, making the RSFF loan especially valuable.
The last loan goes to a research and innovation facility for the automotive sector. This facility involves a guarantee scheme which will help automotive suppliers finance their research activities by the sale and lease-back of their intellectual property rights to Deutsche Leasing, a leading leasing institute in Germany.
Virginia Mercouri | alfa
Silicon solar cell of ISFH yields 25% efficiency with passivating POLO contacts
08.12.2016 | Institut für Solarenergieforschung GmbH
Robot on demand: Mobile machining of aircraft components with high precision
06.12.2016 | Fraunhofer IFAM
Physicists of the University of Würzburg have made an astonishing discovery in a specific type of topological insulators. The effect is due to the structure of the materials used. The researchers have now published their work in the journal Science.
Topological insulators are currently the hot topic in physics according to the newspaper Neue Zürcher Zeitung. Only a few weeks ago, their importance was...
In recent years, lasers with ultrashort pulses (USP) down to the femtosecond range have become established on an industrial scale. They could advance some applications with the much-lauded “cold ablation” – if that meant they would then achieve more throughput. A new generation of process engineering that will address this issue in particular will be discussed at the “4th UKP Workshop – Ultrafast Laser Technology” in April 2017.
Even back in the 1990s, scientists were comparing materials processing with nanosecond, picosecond and femtosesecond pulses. The result was surprising:...
Have you ever wondered how you see the world? Vision is about photons of light, which are packets of energy, interacting with the atoms or molecules in what...
A multi-institutional research collaboration has created a novel approach for fabricating three-dimensional micro-optics through the shape-defined formation of porous silicon (PSi), with broad impacts in integrated optoelectronics, imaging, and photovoltaics.
Working with colleagues at Stanford and The Dow Chemical Company, researchers at the University of Illinois at Urbana-Champaign fabricated 3-D birefringent...
In experiments with magnetic atoms conducted at extremely low temperatures, scientists have demonstrated a unique phase of matter: The atoms form a new type of quantum liquid or quantum droplet state. These so called quantum droplets may preserve their form in absence of external confinement because of quantum effects. The joint team of experimental physicists from Innsbruck and theoretical physicists from Hannover report on their findings in the journal Physical Review X.
“Our Quantum droplets are in the gas phase but they still drop like a rock,” explains experimental physicist Francesca Ferlaino when talking about the...
16.11.2016 | Event News
01.11.2016 | Event News
14.10.2016 | Event News
09.12.2016 | Life Sciences
09.12.2016 | Ecology, The Environment and Conservation
09.12.2016 | Health and Medicine