The program will provide $43 million in funding to assist large energy users to undertake engineering and feasibility studies to identify opportunities to lower energy costs and reduce emissions. Through for example energy efficiency and renewable projects.
Who is this for?
ARENA is targeting Studies from organisations that align to at least one of the following ANZSIC sectors:
- Mining (excluding coal mining, oil and gas extraction)
- Gas Supply
- Water Supply, Sewerage and Drainage Services
- Waste Collection, Treatment and Disposal Services, or
- Data Centres
Grant funding will be provided in two streams:
Stream A – Feasibility Studies: A Feasibility Study aims to provide an independent assessment that examines all aspects of a proposed Project, including technical, economic, financial, legal, and environmental considerations. The Study should demonstrate the economic case for the technology and associated energy or emission reductions while ensuring that the technological barriers are identified and are manageable.
Stream B – Engineering Studies: Engineering (or FEED) Studies have the purpose of providing sufficient Project detail to enable a Final Investment Decision to be made and a subsequent EPC (Engineering, Procurement and Construction) contract to be executed.
Applicants can seek $100,000 to $500,000 for feasibility studies or $250,000 to $5 million for engineering studies.
The ARENA Grant may be used to cover up to 50% of the total eligible Study costs. Applications with higher co-contributions (that is. lower ARENA Grant request) may be considered of higher merit.
Relevant Guideline documents are as follows:
- Industrial Energy Transformation Studies: Stream A
- Industrial Energy Transformation Studies: Stream B
Energy Efficiency examples:
- heat pumps for process heat,
- improved process control,
- high-efficiency equipment,
- waste heat and energy recovery
Renewable Energy examples:
- electrification technologies, from renewable supply;
- renewable fuels, such as bioenergy or renewable hydrogen;
- solar thermal energy;
- …energy storage and more
An Application can be submitted at any time while this Program remains open, but ARENA is likely to assess applications quarterly.
Finding a suitable grant opportunity is just the start of the process of getting funding. Let us help you! The application for each grant is different and the process can take time and effort. Contact us to walk you through everything from, processes, eligibility criteria and the grants, funding and financial assistance available at the moment.