Quad Clean Energy Supply Chain Diversification Program Launches in Australia
Key Ideas
- The Federal Government of Australia will initiate a renewable energy program aimed at enhancing energy security and diversifying clean energy supply chains.
- The Quad Clean Energy Supply Chain Diversification Program will provide grants for research and development projects focusing on solar photovoltaic, hydrogen electrolyser, and battery supply chains.
- The program requires collaboration between Australian and Indo-Pacific organizations, with an initial commitment of $50 million from the government, offering grants ranging from $100,000 to $2.5 million.
- Introduced at the 2023 Leaders' Summit by the Quad nations (Australia, India, Japan, and the United States), the program aligns with the Quad Principles on Clean Energy Supply Chains for the Indo-Pacific region.
The Australian Federal Government has announced the launch of the Quad Clean Energy Supply Chain Diversification Program, set to open applications in November 2024. This initiative aims to boost energy security and diversify clean energy supply chains through grants for research and development projects and feasibility studies. The focus will be on advancing solar photovoltaic, hydrogen electrolyser, and battery supply chains. Projects under this program must be collaborative efforts between entities from Australia and the Indo-Pacific region. With an initial budget of $50 million, the program intends to disburse up to $25 million in the first round, offering grants ranging from $100,000 to $2.5 million. The program, endorsed by the Quad nations – Australia, India, Japan, and the United States, was introduced at the 2023 Leaders' Summit. It upholds the Quad Principles on Clean Energy Supply Chains, providing a framework for clean energy cooperation in the Indo-Pacific region.
Topics
Projects
Renewable Energy
Research And Development
Grant Program
Indo-Pacific
Solar Photovoltaic
Battery Supply Chains
Clean Energy Supply Chains
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