Developers of clean energy projects can now apply for funding from the second round of the Western Australian 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.
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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.
WA Premier Roger Cook said, “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.
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“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.”
