Victoria, Australia, is investing in renewable hydrogen, biogas, and energy storage in order to meet its net zero emissions target and boost the state’s renewable technology industry.
The Andrews Labor Government announced that it had funded A$108 million ($79 million) in relevant projects through the Energy Innovation Initiative.
Victoria is requesting applications from emerging applications for emerging renewable technology to do this.
Each Energy Innovation Initiative grant is worth between A$2 and A$20 million and covers renewable hydrogen, energy storage, and renewable biogas.
Through feasibility and pre-investment studies, front-end engineering design, large scale pilots and demonstrations, the program assists projects in reaching commercialization.
In addition to assisting Victoria’s road to net-zero energy, the effort will provide new job opportunities and reduce long-term consumer expenses.