Future Made in Australia Innovation Fund

  • The Future Made in Australia (FMA) Innovation Fund administered by ARENA will provide up to $1.5 billion in grant funding to support pre-commercial innovation, demonstration and deployment of renewable energy and low emission technologies, to support Australia’s transition to a net zero economy.

    The FMA Innovation fund will split grant funding across three priority areas (the Priority Areas):

    • $750 million to Green Metals including iron, steel, alumina and aluminium.
    • $500 million to Clean Energy Technology Manufacturing to enable development of technologies seeking to alleviate critical supply chain challenges facing the clean energy transition.
    • $250 million to Low Carbon Liquid Fuels (LCLF) including sustainable aviation fuels and renewable diesel.

    Designated as FMA Support under the Future Made in Australia Act 2024, ARENA will need to have regard for the Community Benefit Principles with the program.

    Program design and consultation

    ARENA has undertaken targeted consultation with market participants, key consultancies and industry bodies and associations, seeking to understand prevailing trends and identify industries and areas most suited for funding within the Priority Areas as well as consideration of the Community Benefit Principles.

    Key dates

    Targeted consultation took place through March and April 2025 with the program anticipated to open in the second half of the year.

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