( October 19, 2026, 13:52 GMT | Official Statement) -- MLex Summary: A small modular nuclear reactor and a direct air carbon capture and storage project were selected Monday for EU Innovation Fund support for the first time, among 77 projects earmarked for €3.4 billion in grants. The fund finances innovative decarbonization technologies using EU Emissions Trading System revenues. Selected projects include battery, solar-panel and rare-earth magnet manufacturing, alongside six critical raw materials projects. Grant agreements are due to be finalized in the first quarter of 2027.Press release follows, and is listed below. Questions and answers, and descriptions of selected projects, can also be found there....
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