Canberra’s growing renewable sector will receive a boost with the second round of Renewable Energy Innovation Fund (REIF) Direct Grants and a new REIF co-funding scheme for clean tech, announced today by the 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 cleantech research, development and deployment projects that leverage significant additional industry or other grant funding.”