€20 billion in energy and technology innovation by 2024 – EURACTIV.com

The French government presented on Friday (November 18) a first assessment of its France 2030 plan, launched in October 2021, dedicated to innovation for the transition. More than 10 billion euros were invested in 2022. As many will be in 2023.

Announced on October 12, the France 2030 plan aims to support innovation and accompany the transition of the industrial world. The President of the Republic initially announced 30 billion euros of investments, of which eight billion in new energies. Today the promised sums amount to 54 billion euros, of which 8.4 billion have already been committed for the year 2022.

But for 2023 and subsequent years, the prime minister announced, in an interview with the newspaper Les Echos, that he was “more important than ever to accelerate implementation” Floor. For this reason, the government plans to commit 10 billion in 2023.

With 1,700 projects supported in 2022, “France 2030, these are the means to be, today, at the rendezvous of history”, writes the President of the Republic in the press kit of “one year of action” Floor.

Emmanuel Macron presents his goals for France in 2030

The French president presented this Tuesday (October 12) the “France 2030” investment plan which aims to support innovation and support the transition of the industrial world, the agri-food and health sectors to face the great challenges of the time.

Energy innovation

Specifically in energy, the government announces 169 million euros invested in the year. In reality, over €5.7 billion has been committed to investment funds, the research ecosystem, business support, the transport or raw materials sector, which will have a direct impact on energy projects.

Indeed, the funds are distributed in such a way that, by 2030, half will be allocated to the decarbonisation of the economy, the other to the emergence of players and innovators. “without unfavorable expenses for the environment”.

Furthermore, 1.6 billion euros have not yet been allocated for the year 2022. Objective: “to have committed 20 billion euros by the end of 2023” announces the Prime Minister, present on Friday morning in the Charles Fabry laboratory of the University of Paris-Saclay. Or, in just two years, the investment of two thirds of the sum initially announced, which was 30 billion euros by 2030.

The government is therefore taking advantage of the announcement to present projects that will be guaranteed next year, such as the NUWARD project which “progress”as well as three other projects “identified” in the construction of small modular nuclear reactors, says SMR, one of the flagship promises of the President of the Republic during the presentation of the plan at the end of 2021.

These projects will begin funding at the end of Q1 2023 with the goal of building the first SMR in 2030.

The government aims to “lower costs” of the nuclear industry “gives a strong series effect”, without compromising safety, on the contrary. He states in the press kit that the SMRs, and in particular the one developed by EDF (NUWARD) “among other things, it will allow many countries to be able to replace their own thermal plants (gas and coal) of comparable power in a logic of decarbonisation of the electricity mix”.

1.2 billion for small nuclear reactors

Between now and 2030, the development of SMRs will thus receive 1.2 billion euros out of the 54 billion envisaged in the plan, which also provides for a tender for “innovative nuclear reactors” who, if selected, will benefit “scientific and technical support from the CEA (Atomic Energy Commission)”one of the main players in French nuclear research.

For 2030, France also plans to invest more than 9 billion euros in the development of a hydrogen sector “to complete”, says the premier. This would represent 6.5 gigawatts (GW) of electrolysis capacity, for a production of 650,000 tons of carbon-free hydrogen and 100,000 jobs created.

The innovation plan provides for 1 billion euros in renewable energies, in particular to accelerate the industrialization process, both wind – 2 GW of floating wind turbines by 2030 – and solar – 10 GW of annual production of cells and modules.

2 million electric cars in 2030

Mobility is no exception. By 2030, 2 million electric vehicles are expected to be in production, with an intermediate goal of “1 million by 2027”, commented the premier.

In eight years, the first low-carbon aircraft could also see the light of day. 1.5 billion euros are dedicated to its development.

Access to raw materials – critical metals, rare earths, magnets – will therefore be essential. 2.9 billion planned, in particular in the direct exploitation of mines on French soil. The government has also recently secured a first lithium mining project in the Allier.

Rather than extracting, the funds will mainly enable the recycling of these materials to be developed on a large scale.

At the same time, training will benefit from 2.8 billion euros to train more than one million people in the “jobs of the future”, as well as to support a series of projects, such as the “Battery School” of the start-up specializing in the production of batteries for electric vehicles Verkor and his 11 partners.

Furthermore, the prime minister also announced that the state will take sides “France 2030 sub-prefects and investments” responsible for supporting the reindustrialization of territories undergoing transformation. Thus, to facilitate the dialogue between the central administration and the local authorities.

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