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Policies

Future Made in Australia - Renewable Energy Superpower (Innovation and Commercialization)

Last updated: 31 May 2024

As part of the Future Made in Australia plan, the Australian government announced AUD 3.2 billion in funding for the Australian Renewable Energy Agency (ARENA) to develop and commercialise innovative clean energy technologies.Specifically, this measure allocates:AUD 1.7 billion towards ARENA’s Future Made in Australia Innovation Fund to support innovation, commercialisation, and demonstration of early-stage technologies in priority sectors such as renewable hydrogen, green metals, low-carbon fuels and clean energy manufacturing.AUD 1.5 billion towards ARENA’s core investments in renewable energy, including R&D, commercialisation, manufacturing and deployment.

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