The New South Wales Government has unveiled a $275 million Net Zero Manufacturing Initiative, which aims to position the state as a hub for the development and production of clean technology.
Grants under the initiative will aim to support renewable manufacturing by increasing capacity for renewable energy project components, clean technology innovation for scalable low-emission technologies, and low-carbon product manufacturing to establish capabilities in emerging low-carbon industries.
The initiative will prioritise lab-proven technologies and market-ready products that can be scaled up, with key focus areas including future energy systems, storage, transportation, built environment, biomanufacturing, power fuels (including hydrogen), and agricultural technologies.
NSW Premier Chris Minns highlighted the initiative’s goal of funding small and medium local businesses to pilot new technologies.
“This is all about supporting and backing NSW businesses, manufacturers and innovators to develop homegrown technology and products right here in the state, and securing the jobs and skills we need for a renewable energy future,” Minns said.
NSW Minister for Climate Change and Energy Penny Sharpe said the initiative could have a transformative impact on the state’s economy.
“These grants are all about ensuring NSW manufacturing is part of this revolution,” she said. “They will lead to new secure, long-term jobs that are good for the planet but also build wealth in local communities and give New South Wales security and sovereignty of the renewable energy supply chain.
The grants have been made accessible to the public from February 26, with eligibility and application details available here.
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