Deadline: 27-Aug-21
Applications are now open for the Renewable Hydrogen Business Ready Fund to assist businesses to transition to renewable hydrogen for business cases or feasibility studies.
The development of a renewable hydrogen industry will support Victoria’s climate change ambitions and its net-zero emissions target by 2050. Decarbonisation and economic recovery can be accelerated and promoted across Victoria by supporting the establishment of a thriving renewable hydrogen industry.
The Fund is part of the Accelerating Victoria’s Hydrogen Industry program (AVHI), which focuses on the development and deployment of zero-emissions renewable hydrogen technologies in Victoria.
Objectives
- The objectives of the Fund are to:
- Enable businesses to identify pathways to transition towards renewable hydrogen
- Target users of natural gas, hydrogen and energy-intensive processes to maximise emissions reduction
- Increase confidence in transitioning to renewable hydrogen across the sector
- Build the profile of renewable hydrogen in Victoria and create a streamlined process for industry-government interactions and knowledge sharing.
- As part of their business cases or feasibility study projects, a business could consider the following:
- Changes required in your business to use renewable hydrogen
- Sources of renewable hydrogen and timeframe for transition
- Potential scalability and replicability across a sector or multiple locations
- Costings
- Risk evaluation
- The proportion of total energy consumption that could be replaced by renewable hydrogen.
Funding Information
- The Renewable Hydrogen Business Ready Fund provides $1.0 million to assist businesses to transition to renewable hydrogen. Businesses can apply for up to $150,000 in matched funding for a business case or feasibility study project.
Eligibility Criteria
- The BRF is open to all businesses in industrial and commercial sectors, including (but not limited to):
- Commercial;
- Manufacturing;
- Agricultural;
- Transport and mobility;
- Gas producers and distributors; and
- Water corporations.
- Applications are open to a broad range of organisations and can include single entities or a consortium of participants. However, for all applications, whether single entries or a consortium, there must be one organisation identified as the lead applicant which must:
- Endorse the Application;
- Verify any commitment of funds for the business case or feasibility study; and
- Be authorised to enter into a Funding Agreement with the State if successful under the BRF.
- Must provide evidence of how many months or years it has been in operation to date;
- Have an Australian Business Number (ABN); and
- Provide evidence of funding secured to ensure a minimum 50 per cent funding co-contribution towards the project. Applicants contributing higher co-contribution will be considered favourably as per the Assessment Criteria. No projects will receive more than 50 cent of total funding through the Renewable Hydrogen Business Ready Fund.
- Participating organisations (that are not the lead applicant), in addition to the above categories of organisation, may be a:
- Victorian-based university, research or training institution; or
- Victorian state entity.
- Commonwealth Government entities and individuals are not eligible to apply.
For more information, visit https://www.energy.vic.gov.au/grants/business-ready-fund