PERTH (miningweekly.com) – The the Australian Renewable Energy Agency (ARENA) has announced the launch of the A$43-million Industrial Energy Transformation Studies program, to identify opportunities to reduce energy costs and emissions in the industrial sector.

The first round of the program will see up to A$25-million of grant funding being made available to support feasibility and engineering studies to establish the business case for replicable projects that demonstrate energy efficiency and decarbonisation technology solutions for industry.

Funding will be made available to companies and organisations in the agriculture, mining, manufacturing, gas supply, water supply, waste services and data centre sectors.

ARENA said this week that the program will look to fund studies into industrial solutions that deliver transformational improvement in energy efficiency or greenhouse gas emissions and also share knowledge that can lead to replication across similar industry settings. Under the program, applicants can seek A$100 000 to A$500 000 for feasibility studies or A$250 000 to A$5-million for engineering studies.

Applications for the initial round will open on July 6.

Minister for Energy and Emissions Reduction Angus Taylor in September last year first announced the funding program, as part of the Australian Government’s first Low Emissions Technology Statement.

ARENA has since consulted with a number of industry associations to seek feedback on the key design elements for the program.

ARENA CEO Darren Miller said the program would help accelerate the decarbonisation of the industrial sector, including heavy industry.

“While we’re at the early stages of helping industry transition to increased use of renewable energy, this program will allow us to get a better idea of the innovative solutions out there that can help to reduce emissions and deliver transformative change in the sector.

“We’re looking for studies into projects with significant emissions reduction potential, replicability and backed with strong corporate ambition that can provide a pathway to Australia achieving the government’s low emissions objective. We believe that Australian industry is ready to take the next step in creating ideas and knowledge that will position Australia for a low carbon future.”