A $3 million grant program to help grow the new energy technology sector in the Latrobe Valley has been launched by the Victorian Government.
The state’s Minister for Energy Lily D’Ambrosio announced the Latrobe Valley Microgrid Grant Program, which will help accelerate the uptake of renewable energy in the region.
“We’re ensuring businesses in the Latrobe Valley have access to cheap, clean, and reliable energy,” Ms D’Ambrosio said.
“This microgrid program will mean local businesses can save money and strengthen investment in the local economy.”
The funding will support the development of a microgrid project located in the Latrobe Valley with the aim of lowering the cost of energy for local businesses, encouraging investment in the region and supporting the transition to a low-carbon economy.
Member for Eastern Victoria Harriet Shing encouraged the industry to apply for the grant program to boost renewable energy development.
“This exciting initiative will give businesses the opportunity to source their energy from renewable resources and reduce the cost of their electricity,” Ms Shing said.
Eligible project types include microgrids, virtual power plants and smart embedded networks that have renewable energy as the primary energy source.
Applications close September 17 ans
The successful microgrid project will need to be completed by mid-2022.
This competitive grant program is in addition to the state government’s $10 million statewide Microgrid Demonstration Program, announced in December 2017.