The Australian Renewable Energy Agency announced a $43 million grant program on behalf of the federal government to assist in identifying methods to cut industrial energy costs and emissions. The first round of the Industrial Energy Transformation Studies Program will offer $25 million to assist research and the development of business case projects for organisations in the mining, agriculture, manufacturing sectors, water supply, gas supply, waste services and data centres. Applicants can apply under one of two rounds:
>Round 1A – Feasibility Studies (Up to $10 million available). Grants can be between $100,000 and $500,00 for up to 75% of eligible project costs
>Round 1B – Engineering Studies (up to $15 million available). Grants can be between $250,000 and $5 million for up to 50% of eligible project costs.
The program aims to fund studies that deliver transformational improvements in de-carbonisation technology and energy efficiency practices for industry. Eligible projects must also demonstrate high replicability potential across similar industry settings.
Applications for the initial round of funding will be open on the 6th of July.
ARENA will be hosting separate information sessions for Round 1A and Round 1B in the week commencing 12 July, further information regarding these information sessions will be published on the Industrial Energy Transformation Studies Program website in the coming weeks.