The ACT’s Funded Innovation Grants program is to support six local renewable energy projects.
Announced by the Minister for Water, Energy and Emissions Reduction, Shane Rattenbury, the grants would be Round 3 of the Renewable Energy Innovation Fund (REIF) Grants and are to give the sector more than $1.2 million to help promote renewable energy innovation.
Mr Rattenbury said the ACT was a leader in climate action with a strong renewable energy sector and Round 3 of the REIF is expected to help six local businesses deliver their clean energy visions for the future.
“This year’s grants will support projects integral to addressing the climate crisis by supporting on-demand hydrogen production, increasing the efficiency of solar panels, and enhancing the ACT’s network of grid-connected batteries,” Mr Rattenbury said.
“This early-stage investment will assist in addressing climate change by growing the renewable energy sector and employing many Canberrans in the process,” he said.
“These grants help businesses to develop renewable energy and clean technology solutions that accelerate the uptake of clean energy initiatives.”
Mr Rattenbury said the REIF grants had been successful in their first two rounds with about $3.1 million of funding since 2017 helping 14 companies kickstart their renewable vision in the ACT.
He said the recipients for this year’s REIF Grants were: PV Lab Australia which will keepPV panels out of waste streams: SPARK3D to manufacture next-gen photovoltaics: Hydrogen Renewable Energy Australia for on-site and on-demand green hydrogen production: Zeppelin Bend to develop a community energy opportunity toolkit: FLEX-G to revolutionise a battery lifespan through enhanced thermal management: and Aqacia to come up with a PV 4.0.
More information about the REIF Direct Grants program can be found at this PS News link.
