- Second round of the New Energies Industries Funding Stream of the Investment Attraction Fund (IAF) is now open for applications
- Funding stream supports proposals in critical minerals, renewable hydrogen, green iron and steel as well as carbon capture, utilisation and storage
- The IAF encourages new investment opportunities to create local jobs and further diversify WA's economy
Developers of clean energy projects can now apply for funding from the second round of the Cook Government's New Energies Industries Funding Stream.
Up to $60 million will be available as a part of the Cook Government's Investment Attraction Fund for eligible projects, including those focused on critical minerals processing, renewable hydrogen, green iron and steel along with carbon capture, utilisation and storage.
The first round of the program allocated $60 million to five projects in 2024 from the inaugural New Energies Industries Funding Stream.
Previous successful proposals included decarbonising steel manufacturing, converting critical minerals into high-value battery precursors and developing technology to produce critical battery materials, as well as carbon capture and storage ventures.
The fund develops and expands new and emerging industries, fulfilling a key part of the Cook Government's Made in WA plan.
Since its launch in 2022, the IAF has supported 47 projects and awarded over $200 million in funding.
For more information see: New Energies Industries Funding Stream
As stated by Premier Roger Cook:
"One of my government's key priorities is diversifying the WA economy so that it remains the strongest in the nation, by becoming a global leader in investment attraction, industry facilitation and regulation.
"Through my government's Made in WA plan,we have funded a second round of the successful New Energies Industries Funding Stream, which is focused on the technologies of the future.
"The Investment Attraction Fund continues to encourage those in new and emerging industries to grow and flourish right here in WA.
"The IAF has been able to support dozens of projects over the past three years and has provided $216.4 million in funding, creating local jobs and helping diversify WA's economy."
As stated by Energy and Decarbonisation Minister Amber-Jade Sanderson:
"The Investment Attraction Fund New Energies Industries Funding Stream provides a path forward for projects which have the potential to change how WA energy is both created and utilised.
"The Cook Government remains committed to becoming a global clean energy leader and it's through opportunities such as the IAF we are able to build on this goal."
