Archived Grant Opportunity View - GO6352
Powering the Regions Fund – Critical Inputs to Clean Energy Industries – Primary Steel Production Sector
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This grant opportunity was announced in alignment with the Powering the Regions Fund objective of supporting the development of new clean energy industries.
Funding of $200 million has been allocated to the Critical Inputs to Clean Energy Industries – Primary Steel Production Sector to help ensure this sector maintains a presence in Australia and continues to deliver critical inputs for the infrastructure and supply chains needed for Australia to be a renewable energy powerhouse.
The objectives of this grant opportunity are to:
- support and sustain sovereign manufacturing capability during the net zero transformation
- ensure the continued availability of locally produced primary steel, which is a critical input to the clean energy supply chain
- support an emissions-intensive hard to abate sector and advance development of new clean energy industries, aligned with Australia’s ambition to become a renewable energy powerhouse
- reduce the risk of carbon leakage, which occurs when a business responds to emissions reduction policies by moving emissions-intensive production to a country with less stringent policies.
The intended outcomes of the grant opportunity are:
- continued domestic production of primary steel, until at least 2030 and beyond
- increased deployment and commercialisation of low emissions technologies
- increased ability for the sectors to contribute to decarbonisation and transformation to net zero, and pursue new clean energy and value-adding opportunities, including export opportunities
- increased consideration of upstream inputs to support decarbonisation pathways.
To be eligible you must:
- have been invited to apply
- have an Australian Business Number (ABN)
- be, at the time these guidelines are published, a member of the primary steel production sector in Australia
and be one of the following entities:
- an entity, incorporated in Australia
- a company limited by guarantee
- an incorporated association.
Additional eligibility requirements
We can only accept applications where you:
- commit to continue domestic production to at least 2030
- certify that you have consent from the facility owner or their representative to undertake the project
- provide evidence from your board (or chief executive officer or equivalent if there is no board) that the project is supported, and that you can complete the project and meet the costs of the project not covered by grant funding
- provide evidence from your board (or chief executive officer or equivalent if there is no board) that there is a corporate commitment to reduce greenhouse gas emissions by 2030 and reach net zero by 2050. Relevant forms of evidence include, but are not limited to, a transition plan consistent with the guidance issued by the Australian Securities and Investment Commission
- you provide all mandatory attachments.
We cannot waive the eligibility criteria under any circumstances.
You must complete your project by 31 March 2027.
From $10,000,000.00 to $190,000,000.00
This grant opportunity opens on 7 September 2023.
Eligible applicants will be invited to apply.
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