Dutch government allocates €148M to boost green technology

New funding for renewable energy in the Netherlands

In an important step towards utilising cleantech for climate challenges, the Dutch government has announced €148 million to support cleantech companies in the production, storage, and use of renewable energy. This funding aims to stimulate the development of solar panels, energy storage batteries, and electrolysers for hydrogen production. Creating low-carbon energy systems while also providing economic and strategic benefits.

The new initiative, known as the Investeringssubsidie Maakindustrie Klimaatneutrale Economie (IMKE), is designed to encourage high-tech manufacturing companies to establish production lines for these innovative technologies. The Ministry of Economic Affairs and Climate emphasises that these advancements are crucial for the transition to a sustainable energy economy, reducing reliance on fossil fuels.

The IMKE scheme has changed its requirements to create a more forward-thinking focus. Companies no longer need to show direct CO2 reduction. This change addresses the previous challenge of stimulating sustainable technology when immediate CO2 reductions were difficult to prove. Instead, the focus is on long-term sustainability benefits realised when new technologies are adopted and used by consumers.

Amsterdam and cleantech innovation

Amsterdam, a city working hard to achieve its sustainability goals and reduce CO2 emissions, is home to several companies leading the way in cleantech solutions. For example, Watermeln is making strides with its innovative units that generate electricity using hydrogen, ensuring a fully sustainable and emission-free energy chain.

Another Amsterdam-based company, Spectral, focuses on smart energy solutions, such as energy management, analytics, storage, and grids. Their projects aim to create efficient and resilient energy networks.

With applications for the IMKE scheme opening in October and running until January 2025, the Dutch government's scheme is set to bolster the cleantech sector, driving the national transition to renewable energy. 

Read all about the energy and cleantech landscape in Amsterdam