$43 million to help industry to reduce emissions

The Australian Renewable Energy Agency (ARENA) has launched the $43 million Industrial Energy Transformation Studies Program, which is aimed at identifying opportunities to reduce energy costs and emissions in the industrial sector.

Grant funding will be provided in two streams to support feasibility studies and engineering studies to establish the business case for replicable projects that demonstrate energy efficiency and renewable energy technology solutions for industry.

Applicants can seek $100,000 to $500,000 for feasibility studies or $250,000 to $5 million for engineering studies.

Funding will be made available to companies and organisations in the agriculture, mining, manufacturing, gas supply, water supply, waste services and data centre sectors.

These sectors are the largest users of energy in Australia, with around half of industrial energy used to produce process heat for industrial and other processes. Renewable energy adoption by industry can also be supported with energy storage including batteries, thermal and material storage and technologies that enable greater flexibility and responsiveness of energy demand, such as digitalisation and enhanced controls.

For more information about how to apply, visit the ARENA funding page.

Image credit: iStock.com/Laurence Dutton