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Australia: Powering investment in renewable energy innovation

Australia: Powering investment in renewable energy innovation 04 Aug 2021 The Andrews Labor Government is investing in new and emerging cutting edge renewable technologies – such as renewable hydrogen, biogas and energy storage – to ensure it is on track to hit its net zero emissions goals. The Labor Government has invested $108 million through the Energy Innovation Initiative to push frontiers in energy innovation, and is inviting applications from emerging renewable technologies to accelerate the state’s journey to net-zero emissions by 2050. The Energy Innovation Fund grants range from $2 million to $20 million, and span renewable hydrogen, energy storage and renewable biogas, to further grow Victoria’s renewable technology industry.

Powering Investment In Renewable Energy Innovation

VIC Premier The Andrews Labor Government is investing in new and emerging cutting edge renewable technologies – such as renewable hydrogen, biogas and energy storage – to ensure we are on track to hit our net zero emissions goals. The Labor Government has invested $108 million through the Energy Innovation Initiative to push frontiers in energy innovation, and is inviting applications from emerging renewable technologies to accelerate the state’s journey to net-zero emissions by 2050. The Energy Innovation Fund grants range from $2 million to $20 million, and span renewable hydrogen, energy storage and renewable biogas, to further grow Victoria’s renewable technology industry. The Energy Innovation Fund supports projects to reach commercialisation through feasibility and pre-investment studies, front-end-engineering-design, large scale pilots and demonstrations.

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