The NSW Labor Government has announced AU$275 million in grants through the Net Zero Manufacturing Initiative to develop clean technology and create jobs in NSW.
This initiative will support workers, small businesses, manufacturers, and innovators in leveraging the energy transition to net zero emissions. It is expected to not only generate local, secure jobs, but also diversify regional economies across the State.
The investment areas are in line with the opportunities identified in the NSW Decarbonization Innovation 2023 study, published by the Office of Chief Scientist and Engineer. These areas include future energy and storage systems, transportation, the built environment, bio-processing, fuels such as hydrogen, and agricultural technologies.
Grants will be offered in three main categories:
- Renewable Manufacturing – to increase capacity for producing components for renewable energy projects, addressing supply chain constraints, and enhancing local content capability.
- Clean Technology Innovation – to assist businesses in scaling up low-emission technologies for market readiness.
- Low Carbon Product Manufacturing – to establish industrial facilities and manufacturing capabilities for new and emerging low carbon industries.
The initiative will prioritize lab-proven technologies and the manufacturing of market-ready products, supporting the NSW’s Renewable Energy Zones and hydrogen hubs by providing access to locally produced materials.
The grants will be open to the public from February 26th to April 5th, 2024.
Businesses interested in checking eligibility and applying can visit the NSW Climate and Energy Action website.