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The Victorian Government has invested $108 million in the development of cutting edge renewable technologies to expedite the state’s journey to net zero emissions through the Energy Innovation Initiative, with applications for round two now open.

The Energy Innovation Fund grants range from $2 million to $20 million and the Victorian Government is inviting applications from emerging renewable technologies such as renewable hydrogen, biogas and energy storage. 

The fund supports projects to reach commercialisation through feasibility and pre-investment studies, front-end-engineering-design, large scale pilots and demonstrations.

This funding supports innovative, high-impact energy technology developments that are aligned with Victoria’s New Energy Technologies Sector Strategy.

It is also designed to create new job opportunities, drive down long-term consumer costs, help achieve net-zero carbon emissions by 2050, and promote diversity and resilience in the state’s energy sector.

Victorian Minister for Energy, Environment and Climate Change, Lily D’Ambrosio, said, “Victoria is already a powerhouse of renewable energy. This funding will support our emerging renewable technology sector, creating jobs and opportunities for Victorians.

“We’ve created more jobs in renewables than any other state. To continue this jobs boom, we need to continue investing in innovation and pushing the frontiers of this technology.

“We’d like to hear from international leaders, global businesses and Victorian players to hear what they can do to bring innovation and new technologies to our shores.”

For more information on the Fund and how to apply to Round Two please visit: http://www.energy.vic.gov.au/energy-innovation-fund.

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