The EU has joined forces with Breakthrough (EIB) and Breakthrough Energy Ventures to establish a €100m ( $112m ) clean energy investment fund. The Breakthrough and the European Investment Bank will each contribute €50m to the scheme, which aims to support European entrepreneurs in the electricity, transportation, agriculture, manufacturing and buildings sectors. Deployment of cutting-edge technologies must be accelerated. Investments are set to commence in Horizon 2020 , with EIB member states able to apply for funding under the organisation's Horizon 2020 initiative.
The EU has joined forces with Breakthrough (EIB) and Breakthrough Energy Ventures to establish a €100m ( $112m ) clean energy investment fund. The Breakthrough and the European Investment Bank will each contribute €50m to the scheme, which aims to support European entrepreneurs in the electricity, transportation, agriculture, manufacturing and buildings sectors. Investments are set to commence in Horizon 2020 , with EIB member states able to apply for funding under the organisation's Horizon 2020 initiative.