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Assessment of Potential and Promotion of New Generation of Renewable Technologies ____________________________________________________________________________________________ Figure 32: SET Plan Technology waves Source: [European Commission 2009d, p.12] To a certain extent, the SET Plan is a response to the identified need to foster the necessary innovations to make medium and long-term EU objectives in energy a reality. The SET Plan is based on different technology platforms and initiatives concentrating on future technologies that should, in principle, be too risky for the private sector to invest in alone owing to the long-term and high investment requirements with uncertain success. It also finances joint public and private initiatives (collaborative business and research initiatives) in which the private sector would not invest given their transparent nature and partial loss of benefit from the open source aspects of the work. The platforms and initiatives bring together the European Commission, research institutes and corporate players in the field, to design a coordinated pan-European approach to the technological challenges ahead. In order to move forward the SET plan priority energy technologies, it has established several EIIs, based on the stuctures of the ones already in existence25: • Fuel cells and hydrogen (JTI on-going) • Fusion (ITER on-going) • New European Industrial Initiatives: • European Wind Initiative • Solar Europe Initiative • Bio-energy Europe Initiative • European Electricity Grid Initiative 25 Fuel Cells and Hydrogen Joint Technology Initiative (FCH JTI) Aeronautics and Air Transport (Clean Sky), Innovative Medicines Initiative (IMI), Nanoelectronics Technology 2020 (ENIAC), Embedded Computing Systems (ARTEMIS) IP/A/ITRE/ST/2009-11 & 12 89 PE 440.278PDF Image | Policy Department Renewable Technologies
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