Our Investment Priorities
We support the companies and institutions that are building our future energy system.
Our Funding and Investment Plan lists our three investment priorities and address the key areas that can help create a smooth transition to renewable energy.
Priority 1. Integrating renewables into the electricity system
By investing in innovative ways to use, store, manage and share renewable energy, ARENA can help provide affordable, secure and reliable electricity for Australians through the energy transition.
Priority 2. Accelerating hydrogen
ARENA will help drive innovation in hydrogen supply chains, from production to end use, creating opportunities across the domestic economy, and positioning Australia to become a major renewable energy exporter.
Priority 3. Supporting industry to reduce emissions
ARENA will help Australian industry reduce emissions by investing in innovative and replicable technologies and processes that increase the adoption of renewable energy (including renewable electricity, renewable fuels, solar thermal, hydrogen and bioenergy).
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.