Developers of clean energy projects can now apply for funding from the second round of the Western Australian Government’s Investment Attraction Fund New Energies Industries Funding Stream.
Up to $60 million will be available 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 Western Australian Government said that fund develops and expands new and emerging industries, fulfilling a key part of its Made in WA plan.
Since its launch in 2022, the program has supported 47 projects and awarded over $200 million in funding.
Western Australian Premier, Roger Cook, said that one of the State Government’s key priorities is diversifying the Western Australian 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,” he said.
“The Investment Attraction Fund continues to encourage those in new and emerging industries to grow and flourish right here in Western Australia.
“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 Western Australia’s economy.”
Western Australian Energy and Decarbonisation Minister, Amber-Jade Sanderson, said the Investment Attraction Fund New Energies Industries Funding Stream provides a path forward for projects that have the potential to change how Western Australia energy is both created and utilised.
“The Western Australian 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,” she said.
