The renewables sector in the Australian capital is set to receive a boost with the second round of the Renewable Energy Innovation Fund (REIF) Direct Grants and a new REIF co-funding scheme for clean tech announced by the ACT Minister for Climate Change and Sustainability, Shane Rattenbury.
The ACT Government’s $12 million REIF is providing up to $2.5 million of funding to support innovation grant programs, including the successful Direct Grants program and a new Cleantech Co-funding scheme.
REIF is an industry-funded initiative specifically designed to help drive the long-term development of the ACT’s renewable energy industry.
“This is the perfect opportunity for the ACT Government to nurture new technologies by providing the kickstart needed for local projects,” Mr Rattenbury said.
“Investing in new and emerging technologies is key to building our growing renewable sector and addressing climate change while also supporting local businesses.
“The first round of REIF grants was able to kickstart successful projects such as new underground hydrogen storage solutions, new electricity market models that show how a low-carbon future is possible and a new test that will help ensure quality in the solar panel industry.
“The new Cleantech Co-funding scheme will provide ACT Government co-contributions to larger clean tech research, development and deployment projects that leverage significant additional industry or other grant funding.”
Online data platform installed
An online data platform which shows the performance of every battery storage system installed through the Next Generation Energy Storage rebate program in the ACT is now available.
Mr Rattenbury, said, “This is one of the largest data platforms of its kind in the world and contains real-time data on actual solar and battery systems in Canberra homes and businesses.
“This information will play a critical role in helping grow local battery research and development, managing the electricity network and developing future battery storage initiatives.
“It will also have varying levels of access for different user groups and will be freely available to Canberra researchers and businesses.
“Battery storage is an important part of the ACT Government’s transition to 100 per cent renewable electricity and our recently announced Climate Change Strategy.
“Stored energy can help support the grid at times of peak electricity demand, for instance during extreme heat waves, which are likely to become more frequent in the coming years.”