Deadline: Ongoing Opportunity
The Industrial Energy Transformation Studies (IETS) Program is now open for applications with an aim to support feasibility and engineering studies and associated metering which can enable an investment decision in energy efficiency and renewable energy solutions for industrial processes.
The IETS Program will provide $43 million in funding to assist large energy users to undertake engineering and feasibility studies to identify opportunities to lower energy costs and reduce emissions.
Aims
- Deliver a transformational improvement in industrial energy efficiency as compared to business as usual energy use; and/or
- Deliver a transformational increase in renewable energy use as compared to business as usual energy use; and
- Deliver transformational reduction in greenhouse gas emissions business as usual emissions, and
- Demonstrate high replicability potential across similar industrial settings.
Program streams
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Grant funding will be provided in two streams:
- Stream A – Feasibility Studies: A Feasibility Study aims to provide an independent assessment that examines all aspects of a proposed Project, including technical, economic, financial, legal, and environmental considerations. The Study should demonstrate the economic case for the technology and associated energy or emission reductions while ensuring that the technological barriers are identified and are manageable.
- Stream B – Engineering Studies: Engineering (or FEED) Studies have the purpose of providing sufficient Project detail to enable a Final Investment Decision to be made and a subsequent EPC (Engineering, Procurement and Construction) contract to be executed.
Funding Information
- Applicants can seek $100,000 to $500,000 for feasibility studies or $250,000 to $5 million for engineering studies.
Eligibility Criteria
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Eligible Applicant
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At the time of applying and throughout the life of the Study, hold an Australian Business Number (ABN) and be:
- an Australian entity incorporated under the Corporations Act 2001 (Cth); or
- an Australian State or Territory owned corporation or a subsidiary of an Australian state or territory owned corporation; or
- an Australian local government or council.
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At the time of applying and throughout the life of the Study, hold an Australian Business Number (ABN) and be:
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Eligible Study
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The Applicant must be able to demonstrate to the satisfaction of ARENA that the Study described in the Application:
- involves energy efficiency and/or renewable energy and/or enabling technologies; and
- applies to an industrial site or sites located in Australia with demonstrated alignment with one of the Target Sectors identified at Item 1.9; and
- addresses either or both Scope 1 and Scope 2 greenhouse gas emissions.
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The Applicant must be able to demonstrate to the satisfaction of ARENA that the Study described in the Application:
For more information, visit Australian Renewable Energy Agency.
For more information, visit https://arena.gov.au/funding/industrial-energy-transformation-studies-program/#step-1-read-the-program-guidelines