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In October 2020, the Australian Government announced $2.47 billion in funding for measures that aim to lower energy prices, reduce emissions and boost the economy.
As part of this initiative, $43 million has been allocated to assist large energy users to undertake studies to identify opportunities to lower energy costs and reduce emissions.
The Industrial Energy Transformation Studies Program is in design and expected to launch around mid 2021.
The proposed program will provide grant funding for engineering studies and associated metering to accelerate projects which can deliver:
- transformational change in industrial energy use compared with baseline or business as usual emissions
- significant reduction in greenhouse gas emissions below baseline or business as usual emissions
Information session and feedback
ARENA facilitated a virtual consultation session on 17 March 2021 to seek feedback on the program design. Feedback on the program design closed on Friday 26 March.An announcement to launch the program is expected later in 2021.
View the consultation presentation slides (PDF 619KB)