What is renewable energy?
Renewable energy is produced using natural resources that are constantly replaced and never run out.
Just as there are many natural sources of energy, there are many renewable energy technologies.
Renewable energy types
How are we making a difference?
We have the expertise, deep understanding of the renewable energy sector and willingness to fund innovative and ground-breaking projects.
This empowers us to 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 also:
- Actively identify and troubleshoot issues arising from the energy transition – from technological and commercial issues to regulatory and market barriers, and provide funding for projects that help solve these issues,
- Undertake research and inform policy decisions, we bring together people from across the energy sector, government, startups & universities to collaborate and share knowledge.
What is happening in the energy sector?
The energy sector is undergoing a profound and complex transformation as the shift to renewable energy gathers momentum.
Transitioning the electricity system to deal with an increasing share of renewables and different ways of operating is challenging, but it presents many opportunities to help businesses manage their energy costs, as well as capture new sources of growth.
Electricity is only one component of the energy transition. Other sectors such as transport, heavy industry and the built environment are crucial in the pursuit of lower emissions and in ensuring Australia meets its international commitments.
There are many scenarios for the transition to a low emissions economy but technological development and innovation are part of almost every scenario.
Which projects do we invest in?
We invest in projects to to improve the competitiveness of renewable energy technologies and increase the supply of renewable energy through innovation that benefits Australian consumers and businesses.
We find Australia’s best ideas and connect them with the resources they need to help power the nation’s future.
Find out more how we are influencing the following types of renewable energy initiatives:
Our investment priorities
Australia is encouraging innovation and new technologies and ARENA has a major role to play in supporting the companies and institutions that are building our future energy system. Our investment priorities are derived from our funding and investment plans and address key areas that can help create a smooth transition to renewables.
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.
Jemena sees the certification scheme as a first step towards a renewable gas target.