Powering the Regions Fund - Industrial Transformation Stream Program – Round 1
Round 1 of the Industrial Transformation Stream as part of the Powering the Regions Fund are open from November 30th 2023!
Industrial transformation at ARENA is intended to support the reduction of greenhouse gas emissions related to industrial activity. Arange of technology solutions targeting industrial emissions abatement may be supported, from electrification and energy efficiency to fuel switching and zero emissions vehicles. Enabling technologies such as energy storage, demand management and critical infrastructure supporting onsite decarbonisation will also be considered. Projects can range from studies to scale demonstration and deployment.
ARENA has two programs relevant to industrial transformation:
The $400 million Industrial Transformation Stream (which is a stream under the $1.9 billion Powering the Regions Fund) and
The $40 million Industrial Energy Transformation Studies Program.
About the program
The $400 million Industrial Transformation Stream Program (ITS Program) will support the reduction of scope 1 and scope 2 emissions at existing industrial facilities in regional Australia.
The objectives of the ITS Program are to:
Support industrial facilities in regional Australia to reduce emissions in line with Australia’s 2030 emissions reduction goals and transition to net zero by 2050.
Improve technology readiness and commercial readiness of renewable energy technologies, energy efficiency technologies and electrification technologies that will result in a significant reduction in scope 1 and/or scope 2 emissions or improve the energy efficiency of an industrial process or processes.
Encourage technology demonstration, collaboration and knowledge sharing across industry and/or regions.
Support upskilling of existing industrial workforce in new decarbonisation activities.
When: Submissions open Thursday, 30th November 2023, and will remain open until December 2024, or until the funding has been exhausted.
Guidelines and more information can be found here: https://arena.gov.au/funding/powering-the-regions-industrial-transformation-stream/