Government invests in industry growth centre


Tuesday, 23 May, 2023

Government invests in industry growth centre

The Albanese government is investing $14 million into a home for emerging solutions for energy and emissions challenges. Locally developed and manufactured technologies will play an important role in Australia’s transformation into a renewable energy superpower.

Establishing the Powering Australia Industry Growth Centre will allow for an industry-led approach to enhancing renewable energy.

“Industry growth centres are a proven way of delivering the sort of timely and targeted support to our renewable business leaders are calling for,” said Ed Husic, Minister for Industry and Science.

The centre aligns with one of the National Reconstruction Fund’s priority investment areas, investing $3 billion in renewable and low-emissions technologies. This builds on the government’s suite of support for these industries, including the Australia Made Battery Plan, Powering Australia, Rewiring the Nation and a Future Made in Australia.

The centre will provide advanced technology and skills to businesses looking to locally manufacture renewable energy technologies. It will offer help with commercialising locally manufactured renewable energy technologies and ideas, encourage connections between producers and manufacturers and boost First Nations business management capabilities with the help of a First Nations Advisor.

Image credit: iStock.com/AnnaSqBerg

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