The Victorian Government has announced the first grant from its $20 million New Energy Jobs Fund, a program supporting innovative clean energy projects.
Victorian Minister for Energy, Environment and Climate Change Lily D’Ambrosio said MIL-Systems would receive $180,000 to help the company manufacture its innovative Reactive Power Control (RPC) solar inverter.
The RPC solar inverter will control solar electricity, assist with grid stability and allow for a greater number of renewable energy systems to be connected to the grid.
The MIL-System RPC solar inverter is the first Australian designed and manufactured inverter to achieve accreditation to the new AS/NZS4777.2 standard.
The company was also recently awarded the 2016 Victorian Manufacturing Hall of Fame Award in the New Energy Technology category.
The funding will enable MIL Systems to manufacture the RPC inverters and complete the production engineering for the manufacture of an integrated polymer battery storage module.
Ms D’Ambrosio said, “This is an innovative project which will cement Victoria as an Australian solar inverter centre of excellence.
“We’re proud to be rebuilding much needed confidence in the renewable energy industry and look forward to working with all the successful applicants to grow clean energy jobs and business opportunities.”
It’s anticipated that this initiative will create employment for over 20 highly skilled manufacturing and service maintenance jobs in Victoria over the next two years.
It’s one of 24 grants which will be announced in the coming months, with MIL-Systems obtaining funding under the Manufacturing category.
Victorian Member for Footscray Marsha Thompson said, “It’s great to see the Andrews Labor Government supporting an innovative company in West Footscray to produce this Australian-first initiative in the solar power industry.”
The Victorian Government received a strong response to the $20 million New Energy Jobs Fund with applicants providing innovative ideas for projects that support a clean energy future and help position Victoria as a leader in new energy technologies.
The fund is a key component of the $200 million Future Industries Fund to support high growth, high value industries, such as the new energy technologies sector that are critical to securing Victoria’s future as a competitive, innovative and outward looking economy.