ACT Government Invests $17 Million in Energy Innovation Projects
Key Ideas
  • The ACT Government allocated $17 million for energy innovation projects to support the goal of net zero emissions by 2045.
  • Recipients, New Frontier Technologies and RenewMap, will receive grants for innovative projects including a hydrogen storage solution and an energy web-mapping platform.
  • Funding is sourced from industry commitments through the ACT's Renewables Reverse Auctions, reinforcing the region's 100% renewable electricity supply.
  • The Energy Innovation Fund aims to boost local clean energy economy, create jobs, and contribute to the transition to a net zero emissions energy future.
The ACT Government has announced the allocation of $17 million in funding for energy innovation projects as part of the Energy Innovation Fund. Minister Shane Rattenbury emphasized the importance of supporting innovative projects that will aid the Territory in achieving its goal of net zero emissions by 2045. The funding will be distributed over a five-year period through grant streams including Technology Demonstration Grant, Policy Challenge Grant, and Innovation Ecosystem Grant. Notably, New Frontier Technologies received a grant to develop a storage solution for hydrogen, while RenewMap will enhance their web-mapping platform to connect energy projects in Australia and New Zealand. The funding for these projects is sourced from industry commitments via the ACT's Renewables Reverse Auctions, which ensure a 100% renewable electricity supply. Minister Rattenbury highlighted the significance of the ACT's renewable energy sector and commended the recipients for their innovation. The Energy Innovation Fund aims to promote local job creation, enhance the clean energy economy, and contribute to addressing the climate crisis. Both recipients expressed gratitude for the funding and outlined the positive impact their projects will have on advancing renewable energy technologies and supporting the transition to a net zero emissions future. The grant applications for the Energy Innovation Fund are open throughout the year, offering opportunities for further innovative projects to contribute to a sustainable energy future.
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