ARENA commits $50 million to home grown green R&D
The Australian Renewable Energy Agency (ARENA) has today announced $50 million for two funding rounds targeting research and development (R&D) for renewable hydrogen and low emissions iron and steel.
Funding for successful research and development projects will be provided over two phases, with an initial laboratory-based research phase followed by a commercialisation phase aimed at scaling up and demonstrating research breakthroughs.
$25 million will be allocated to each of the funding rounds, with grant funding for successful applicants expected to range between $500,000 and $5 million.
The Hydrogen Research and Development Round includes funding for two streams: one focused on improving and optimising the production of renewable hydrogen and hydrogen derivatives such as ammonia, and another investigating storage and distribution solutions.
ARENA Acting CEO Chris Faris said the two rounds will build on Australia’s legacy of research and development and help scale up renewable energy and low carbon exports.
“Renewable hydrogen and low emissions iron and steel will be critical to Australia’s net zero economy. The research and development we’re funding now through these programs will underpin our clean industries of tomorrow."
"We’re already seeing renewable hydrogen scaling up, but there’s still more to be done to improve efficiency, while storing and transporting the fuel at scale are looming challenges."
The low emissions Iron and Steel Round offers funding for research that can significantly reduce emissions across the steel value chain in the near and long term."
With iron and steel accounting for more than seven per cent of global emissions, technological innovation will be vital to the industry achieving net zero emissions. As the world’s largest producer and exporter of iron ore, Australia has a unique opportunity to reduce emissions from iron and steel production.
Expressions of Interest for ARENA’s Hydrogen and Iron & Steel Research & Development Funding Rounds are due 1 June 2023.