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Industrial Energy Transformation Studies Program

Step 1 - Read the program guidelines
  • About the program

    The IETS Program will provide $43 million in funding to assist large energy users to undertake engineering and feasibility studies to identify opportunities to lower energy costs and reduce emissions.

    The Program aims to support feasibility and engineering studies and associated metering that can enable an investment decision in energy efficiency and renewable energy solutions for industrial processes, which will:

    • deliver a transformational improvement in industrial energy efficiency as compared to business as usual energy use; and/or
    • deliver a transformational increase in renewable energy use as compared to business as usual energy use; and
    • deliver transformational reduction in greenhouse gas emissions below business as usual emissions, and
    • demonstrate high replicability potential across similar industrial settings.

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

    Program streams

    Grant funding will be provided in two streams:

    Stream A – Feasibility Studies: A Feasibility Study aims to provide an independent assessment that examines all aspects of a proposed Project, including technical, economic, financial, legal, and environmental considerations. The Study should demonstrate the economic case for the technology and associated energy or emission reductions while ensuring that the technological barriers are identified and are manageable.

    Stream B – Engineering Studies: Engineering (or FEED) Studies have the purpose of providing sufficient Project detail to enable a Final Investment Decision to be made and a subsequent EPC (Engineering, Procurement and Construction) contract to be executed.

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

    Guidelines

    The Program Guidelines describe the requirements that must be met to submit an eligible application and the process we use to assess the merit of applications. Stream A (Feasibility Studies) is a one stage application process, while Stream B (Engineering Studies) is a two stage application process i.e. these will require an EOI application and a Full Application. The relevant Guidelines documents are:

    Funding Agreement

    ARENA agrees to provide the ARENA Funding, and the Recipient agrees to complete the Project and use reasonable endeavours to achieve the Outcomes, in accordance with the terms of this Agreement.

    More information

    We hosted two identical virtual information sessions for potential applicants, each covering both Stream A and Stream B.

    Virtual Information Session Details [Complete]

    • Session 1: Tuesday, 11 October 2022
    • Session 2: Tuesday, 18 October 2022

    A recording of one of the sessions will be made available after the online events have concluded.

    Further information on the program can be found via:

Step 2 - Observe the key dates
  • Key dates

    Key eventStream A – Feasibility StudiesStream B – Engineering Studies
    Program launch29 Sept. 202229 Sept. 2022
    Assessment Panel (quarterly until funds exhausted)Starting Dec. 2022EOI: Dec. 2022
    Full App: Apr. 2022
    Announcement of initial successful applicationsMarch 2023July 2023

    Note

    • These dates are subject to change at ARENA’s discretion
    • Successive assessment period will occur approximately at 3-month intervals
    • Applicants can apply at any time through our grant management system ARENANet
    • Applications will be assessed on a quarterly basis, or as otherwise determined by our team.

    Applicants interested in applying for funding under the IETS Program are encouraged to contact us prior to applying at industrialenergy@arena.gov.au.

Step 3 - Prepare your response
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