The ACT Government has announced two recipients that will receive the first share of $17 million in funding as part of the Energy Innovation Fund.
Minister for Water, Energy and Emissions Reduction Shane Rattenbury said the ACT Government is supporting innovative projects that will help achieve the Territory's goal of net zero emissions by 2045.
"These two projects that have received a grant under the Energy Innovation Fund will support the ACT on our energy transition journey, as well as invest in local jobs and expertise," Minister Rattenbury said.
"The $17 million total funding pool will be allocated over a five-year period and there are three grant streams available under the Fund. These are the Technology Demonstration Grant, the Policy Challenge Grant, and the Innovation Ecosystem Grant.
"The projects funded today include a grant for New Frontier Technologies for a project to develop an innovative storage solution for hydrogen.
"Funding will also be provided to RenewMap to support further development of their web-mapping platform, better connecting projects across the Australian and New Zealand energy landscape."
The recipients of the Energy Innovation Fund announced today are:
- New Frontier Technologies – $750,143 under the Technology Demonstration Grant
- RenewMap – $300,000 under the Innovation Ecosystem Grant
"The $17 million in funding has been contributed by industry commitments from the ACT Government's Renewables Reverse Auctions – a nation-leading initiative that not only maintains the ACT's 100% renewable electricity supply, but also provides investment in our local clean energy economy.
"The ACT has a world-renowned renewable energy sector and for more than a decade has been a leader in transitioning to 100% renewable electricity. These recipients showcase the continued innovation taking place right here in the nation's capital.
"Congratulations to today's recipients. I look forward to seeing these projects come to fruition and contribute to our shared goal of addressing the climate crisis and transitioning to a net zero emissions energy future," said Minister Rattenbury.
