The Australian Renewable Energy Agency (ARENA) has released its annual report for 2023–24, revealing a substantial increase in funding commitment to $392.5 million compared to the previous year. This funding boost has enabled the agency to double the number of projects committed to 72, emphasizing the impact of innovative initiatives in accelerating Australia's transition to net zero emissions. Notable funding rounds included support for community batteries and research projects focusing on renewable hydrogen and low emissions iron and steel, totaling $59.1 million. ARENA's CEO, Darren Miller, highlighted the agency's collaboration with industry stakeholders and its focus on funding new asset classes and technologies to drive the energy transition. The report also outlined new programs and funding rounds, such as Hydrogen Headstart Round 1, Solar Sunshot, and the Battery Breakthrough Initiative, further solidifying ARENA's commitment to supporting renewable energy projects and innovative technologies. With a strong pipeline of funding and partnerships in place, ARENA is well-positioned to continue driving Australia's energy transition and contributing to climate goals. Since its establishment in 2012, ARENA has supported 735 projects with $2.61 billion in grant funding, unlocking substantial investments in Australia's renewable energy sector.