ARENA is the Australian Renewable Energy Agency.
Our purpose is to improve the competitiveness of renewable energy technologies and increase the supply of renewable energy through innovation that benefits Australian consumers and businesses.
Since 2012, we have supported 579 projects with $1.67 billion in grant funding, unlocking a total investment of almost $6.84 billion in Australia’s renewable energy industry.
Our expertise, deep understanding of the renewable energy sector and willingness to fund innovative and ground-breaking projects mean we provide a pathway to commercialisation for many new technologies and businesses that would otherwise struggle to get off the ground or be potentially lost to overseas markets. We help them get on with the business of renewables.
A key part of our work is to build knowledge that can be shared openly to help industry and government better navigate the energy transition.
Information and ‘lessons learned’ also help to:
- de-risk follow-on projects,
- accelerate deployment of safe and commercially viable technologies,
- increase public understanding and confidence in new technologies, and
- support capability development.
Our impact is demonstrated in how we are ensuring the private sector has the right tools, technology options and business models to deliver secure and reliable renewable energy.
We undertake research and inform policy decisions, we bring together people from across the energy sector, government, startups and universities to collaborate with one another, and share their knowledge.
Solar and wind are still the cheapest new electricity generation, with the cost of hydrogen electrolysers predicted to fall sharply.
An innovative energy storage technology will be scaled up in north-western Victoria.