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🌞 Australian Business Leaders & Energy Innovators! 🚀 The future is bright with the Australian Government's latest incentives for renewable energy and tech industries. Here's the scoop: 💰 Tax Incentives: Hydrogen Production: Grab a $2/kg incentive for renewable hydrogen production, with up to 10 years of funding per project. Critical Minerals: Claim a 10% incentive on processing/refining costs for critical minerals, for up to 10 years per project. 🔌 Renewable Energy Funding: Capacity Investment Scheme: Unlock a staggering $65 billion to revamp the electricity grid Australian Renewable Energy Agency: Access $3.2 billion over the next decade for net zero tech commercialization Innovation Fund: Explore the $1.7 billion Future Made in Australia Innovation Fund for state-of-the-art tech and facilities . 🔋 Battery & Tech Grants: Guarantee of Origin scheme: Fast-track with $32.2 million to certify the emissions intensity of products like renewable hydrogen Consumer Energy Integration: Benefit from $27.7 million to integrate tech like rooftop solar into the grid Agriculture Emissions Reduction: Utilize $63.8 million to cut emissions in the agriculture and land sector Renewable Project Approvals: Gain from $134.2 million to prioritize and speed up approvals for renewable energy projects . 🌞 Solar Sunshot Program: Invest in the $1 billion Solar Sunshot program to enhance clean energy tech manufacturing, especially in solar 🔋 Million Battery Breakthrough: Leverage the $523.2 million Battery Breakthrough Initiative to boost your battery tech capabilities These incentives are an opportunity to lead Australia's sustainable transformation. #RenewableEnergy #Sustainability #Innovation #TaxIncentives #Grants #AustralianBusiness #SolarSunshot #BatteryBreakthrough #FutureMadeInAustralia

Is this the budget that helps Australia become a "green energy Powerhouse"? 🤔 The recent Australian Federal Budget has unveiled substantial investments under the "A Future Made in Australia" plan, reinforcing our commitment to a sustainable, innovative future. ⚡ Here are some key highlights: 🍃 Investment of $22.7 billion over the next decade to bolster economic and industrial benefits amid the shift to net-zero. 🍃 Focus on attracting private sector investment to build a stronger, diversified economy powered by clean energy. 🍃 Prioritization of industries like renewable hydrogen, critical minerals processing, green metals, low carbon fuels, and clean energy manufacturing. One standout initiative announced is the Hydrogen Production Tax Incentive (HPTI). This incentive, starting in 2027, will provide A$2 (US$1.32) per kilogram of green hydrogen produced over ten years. This is a game-changer for Australia's hydrogen sector, making it more economically viable and attractive for investors. 🤑 Comparisons can be drawn with the Inflation Reduction Act (IRA) in the United States, which has similarly incentivized utility-scale green hydrogen production. Notably, major players like Fortescue have seized this opportunity, highlighting the potential of such tax incentives to drive large-scale investment. 💱 In Australia, several key industry players, including Stanwell, Origin, and BP, have viable hydrogen projects in the pipeline. The HPTI will significantly benefit these companies, providing financial support crucial for project development and commercialization. Could this incentive revive projects like the Gibson Island hydrogen plant?

A new report from Beyond Zero Emissions (BZE) has backed the direct support for industry being proposed for the Australian Government ’s Future Made in Australia policy initiative. The report – Make it here: building Australia’s clean industrial future – calls for decisive action to best harness Australia’s abundant and raw minerals, and build local innovation as we move to net zero. BZE CEO Heidi Lee said: “From making batteries to recycling steel, the future is already being made in Australia. “We have the skills, capabilities and key technologies needed for a zero emissions economy – let’s put them to work.” #manufacturing #australianmanufacturing #auspol #futuremadeinaustralia #renewables #renewableenergy #cleantech

Celebrating Innovation with a Commercialisation Bridge Grant We are thrilled to announce that Juice Batteries, an associated company of Australian Flow Batteries (AFB), has been awarded the prestigious Commercialisation Bridge Grant by the Western Australian State Government through the Department of Jobs, Tourism, Science and Innovation (JTSI). This grant, part of the State Government's $25.8 million New Industries Fund, is a testament to the innovation and dedication within our team. The grant will play a crucial role in advancing our groundbreaking Hybrid Diesel Replacement System. Key highlights of our innovative solution: - Integrates containerised Vanadium Redox Flow Battery (VRFB) technology with proprietary solar arrays and advanced energy management systems. - Designed to replace traditional diesel generators, significantly reducing operational costs and environmental impact. - Demonstrates exceptional performance in harsh Australian conditions, with proven results from previous deployments. Driving Innovation: This funding supports our commitment to developing and commercialising state-of-the-art energy storage solutions tailored for the mining industry and other sectors reliant on diesel power. Sustainable Future: By supporting projects like ours, the WA Government is fostering a greener and more sustainable future for the mining sector. Our Hybrid Diesel Replacement System is designed to enhance renewable energy adoption, reduce reliance on fossil fuels and promote environmental stewardship in remote operations. Industry Impact: The Commercialisation Bridge Grant will enable us to accelerate our growth, drive job creation in the renewable energy sector and bolster the local economy. It's an exciting step forward in our journey to advance energy storage and contribute significantly to the renewable energy landscape in WA and beyond. We extend our gratitude to the WA State Government and JTSI for this incredible support. Stay tuned for more updates as we continue to innovate and lead in the energy storage sector! Discover more about our innovative solutions: www.afb.energy, including our current capital raise that is open for investors. #Innovation #EnergyStorage #VRFB #RenewableEnergy #SustainableMining #WesternAustralia

Today, Aker Horizons signed a term sheet with VNG Handel & Vertrieb GmbH, for supplying green ammonia from Narvik, northern Norway🇳🇴, to Germany.🇩🇪The signing by the Managing Directors of VNG H&V, Konstantin von Oldenburg and Stephan Haupt, and Knut Nyborg, Managing Director of Aker Horizons Asset Development AS took place in Berlin. Following the signed letter of intent in May 2023, the term sheet represents a further milestone in finalizing a supply agreement between the two companies. VNG H&V intends to purchase up to 150,000 tons of green ammonia per year from Narvik Green Ammonia DA from 2029 and supply it to its customers directly as ammonia or in the form of hydrogen. The production plant for green ammonia in Narvik, Norway, is expected to produce around 450,000 tons of green ammonia per year from 2029. “The agreement we have, especially when taking into account the actual uncertainties in the markets, is a very important step in our supply relationship. VNG considers Narvik Green Ammonia as one of the most promising and mature large scale green ammonia projects in Europe. We are opening up new perspectives and at the same time it is strengthening our energy partnership with Norway.” explains Konstantin von Oldenburg. “Progressing from stated ambitions to firm contracts is what we need to realize industrial-scale production of green hydrogen and ammonia. With VNG signing on as a potential off-taker, distributing our product to clients in Europe’s most important energy market, the Narvik Green Ammonia project takes a significant step in this direction,” said Knut Nyborg, Managing Director of Aker Horizons Asset Development. "Aker Horizons appreciates the trust placed in Narvik Green Ammonia and we look forward to continuing the close cooperation with VNG in the year ahead."

A renewable energy future is at the forefront of the Australian Budget, creating even more opportunities for businesses in regional NSW.   Known as the Future Made in Australia package, the Federal Government will invest up to $22.7 billion over a decade to build a clean energy economy, focusing on the following five industries:   • Renewable hydrogen • Critical minerals processing, such as lithium, cobalt, and rare earths • Green metals • Low carbon liquid fuels, including sustainable aviation fuel • Clean energy manufacturing, including supporting local manufacturers of solar panels and batteries   Thanks to the clean energy vision, regional NSW hydrogen producers will be able to take advantage of tax incentives to encourage the supply of hydrogen and manufacturers of solar panels and batteries will benefit from attractive incentive packages to support Australia’s renewable energy ambitions.   #cleanenergy #renewableenergy #budget #hydrogen #criticalminerals #greenmetals #sustainableaviationfuel #saf #lowcarbonfuels #cleanenergymanufacturing #solarpanels #batteries #investmentopportunities #investregionalNSW

Future Made in Australia is a framework that sets out how to target green subsidies to drive investment in everything from solar to critical minerals to green hydrogen. The policy lands at a time when the world is racing towards a future green economy. America has its Inflation Reduction Act, while the European Union has its Green Deal and China has powered ahead with green technologies. The government hopes to make the most of Australia’s comparative advantage in this global context. Over 50 countries now have policies like this. Future Made includes $1.9 billion in new funding for the Australian Renewable Energy Agency, $7 billion in tax incentives for critical mineral producers, and $1.5 billion for solar panel and battery manufacturing. Each of these has proven themselves. The renewable agency funded some of our first large-scale solar farms. Critical minerals such as lithium, cobalt and rare-earth elements are in demand to make electric vehicle batteries. And Australia is the world leader in rooftop solar but makes almost none of the panels. Future Made in Australia now has about $8 billion on offer to help kickstart Australia’s green hydrogen industry. Subsidies would cover the initial difference between the cost of production and current mar#melbourne until economies of scale kick in and the subsidy is phased out. Renewable hydrogen is essential to make green iron, green steel and green ammonia, which we can use here or export. #SolarEnergy #RenewableEnergy #SaveMoney #SolarPower #SolarSolutions #SolarPower #SolarEnergy #SolarPanels #SolarTech #SolarInnovation #SolarAustralia #SolarFuture #AussieSolar #RenewableAustralia #SolarDownUnder #AussieSolar #SustainableAustralia #cleanenergyau #canbera #melbourne

Australia invests heavily in renewable energy and critical minerals, marking a significant step towards a greener economy. By prioritising these sectors, the country demonstrates the importance of securing resources for a sustainable future. Read this article to learn about Australia's latest moves in renewable investments. 🔗https://lnkd.in/gNuDiQiX #RenewableEnergy #CriticalMinerals #GreenInvestment

Lhyfe secures €11-MM grant for a second 10-MW production site in #Sweden The grant will help build a renewable #hydrogen production facility in Vaggeryd, Jönköping County, in southern Sweden https://lnkd.in/gSRg7ca3