Western Australia has opened applications for the second round of its New Energies Industries Funding Stream.
The state has made up to $60 million available for projects in renewable hydrogen, critical minerals, green metals and carbon capture.
The program, delivered through the WA Government’s Investment Attraction Fund (IAF), is designed to back projects that accelerate clean energy industries while diversifying the state’s economy.
Funding is available to developers of proposals in renewable hydrogen, carbon capture, utilisation and storage (CCUS), green iron and steel, and processing of critical minerals into higher-value products.
The second round follows the inaugural stream in 2024, when $60 million was allocated to five projects. These included initiatives to decarbonise steel manufacturing, convert raw minerals into battery precursors, develop new technology for critical battery materials, and advance carbon capture ventures.
Since its establishment in 2022, the IAF has supported 47 projects across multiple sectors and committed more than $200 million in funding. The government says the fund is a key pillar of its Made in WA plan to expand new industries and attract long-term investment.
Energy and Decarbonisation Minister Amber-Jade Sanderson said the program aims to accelerate projects that could reshape WA’s energy landscape.
“The Investment Attraction Fund New Energies Industries Funding Stream provides a path forward for projects which have the potential to change how WA energy is both created and utilised,” she said.