Tuesday 10 October 2017

EU funds four French energy projects with €100m

Four innovative energy projects in France have received finance worth a total of €100 million (£89.4m).

The funding for new energy technologies comes as part of the Investment Plan for Europe, known as the Juncker Plan and was provided by the EU's European Investment Bank (EIB).

The bank has awarded €20 million (£17.9m) to CS Communication & Systèmes to research and develop new cyber security systems, with another €20 million (£17.9m) being given to Amoéba SA to reduce the environmental impact of chemical waste in water treatment.

Sunpartner Technologies received €15 million (£13.4m) to develop new products in renewable energy and open a new production site.

The largest slice of finance went to Saint Jean Industries, with €45 million (£40.2m) allocated to help the firm invest in new equipment and produce smart, low-emission cars.