The Victorian Government has developed the Energy Innovation Fund (EIF or the Fund) to support the commercialisation of innovative, emerging renewable energy technologies in Victoria required to meet the net-zero emissions by 2050 target.
The Fund aims to bring intellectual property, innovation, local economic development and environmental benefits to the State, local businesses and communities. These are achieved through supporting activities that progress innovative projects in their commercialisation continuum including feasibility/pre-investment studies, front-end-engineering-design, large scale pilots and demonstrations.
Key dates, funding and how to apply
The Fund will be delivered in multiple rounds, with Round 1 applications and Round 2 pre-applications opening on 29 January 2021. Applications for Round 1 will close at 2:00pm (AEDT) on 12 March 2021 and Round 2 pre-applications will close at 2:00pm (AEST) on 8 April 2021.
Round 2 applications are anticipated to open in August 2021.
Funding requests are expected to be in the range of $2 million - 20 million. Any grant funding provided must be the minimum funding required for a project to proceed. Total grant funding requests (including all government funding sources) must not exceed 50% of the Project’s Eligible Expenditure.
Round 1 – Offshore Wind
Offshore wind has experienced significant global growth over the last decade due to technology advances and declining costs, establishing an important role for this sector in the global energy transition and pathway towards net zero emissions.
Victoria benefits from rich offshore wind resources, and there is significant interest in the strategic potential of offshore wind for the Victorian market.
Round 1 of the EIF will be dedicated to offshore wind to complement the State’s activities to understand the sector’s potential contribution to the future energy system.
Round 2 – Technology Neutral
Large-scale energy transformation in Victoria requires a diverse mix of emerging energy technologies, some of which are yet to become commercially viable on their own. To support the continued development in this sector, Round 2 will be open to any renewable energy technology that satisfies the eligibility criteria.
An online briefing to provide potential applicants with an overview of the EIF was held on Thursday 11 February 2021. The slides from the briefing are available under Program Documents and the FAQs document includes responses to questions raised during the briefing.
*Funding Agreement template (DOCX, 253.0 KB)
*Risk Register template (DOCX, 57.7 KB)
*Knowledge Sharing Plan template (DOCX, 64.6 KB)
*Project Plan template (DOCX, 49.4 KB)
*Quantitative / Budget template (Excel, 204.2 KB)
*Proposed Funding Agreement departures template (DOCX, 48.4 KB)
Start an online application
If you require technical assistance submitting your application online, contact email@example.com.
Applicants can submit clarification questions in relation to the Guidelines, the application process and the broader Fund to the Department. Clarification questions can be submitted to: firstname.lastname@example.org
Please ensure questions follow the subject line guidance below:
EIF - [Application Number] – [Applicant Organisation Name] – Question
Clarification questions relating to Round 1 applications and Round 2 pre-applications can be submitted between now and 5PM 26 February 2021
Any information provided by the Department in response to any question raised by a potential Applicant, may be uploaded to the FAQs.