MISSION & CONCEPT
WHAT IS SMARTSPEND?
SMARTSPEND is a 3-year, EU-funded project running until 30 November 2021. Companies, national governments and the European Commission all want to invest in clean energy Research & Development. SMARTSPEND aims to find new ways to coordinate and increase those investments.
The SMARTSPEND project is supporting the execution of the Strategic Energy Technology Plan (SET Plan) of the European Commission.
WHAT DOES SMARTSPEND PLAN TO DO?
Increase private-sector spending
SMARTSPEND will organise a major conference to help innovators in clean energy access risk finance from public and private sources. Innovators need money and connections to scale up. To prepare the conference, SMARTSPEND will report the needs and sources.
Coordinating research with the European Commission and civil servants
Many energy technologies are trying to answer similar R&D questions. There may be ways to sequence research in different sectors to increase its impact. SMARTSPEND will report on the synergies in different technologies’ R&D plans, and on the ways that sectors should organise themselves to access EU funding efficiently.
Sending a message to national governments
National governments’ funding as well as their contributions to the European Union’s R&D budget is crucial for the development of clean energy technology. Get involved and help us to build a more efficient support strategy for energy technology R&I!
OBJECTIVES & TIMELINE
SMARTSPEND main objectives are to foster efficiency in allocation of public & private funding, and to better inform stakeholders through the preparation and dissemination of six reports. Another key dissemination action is based on engagement with policy makers.