The Energy Innovation Fund (the Fund) supports 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.
Round 1 (Offshore Wind) APPLICATIONS CLOSED
Applications for Round 1 closed on 12 March 2021. Round 1 was dedicated to offshore wind to complement the State’s activities to understand the sector’s potential contribution to the future energy system.
It is anticipated projects successful in receiving grant funding under Round 1 of the EIF will be announced in Q4 2021.
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 2 (Technology Neutral) APPLICATIONS CLOSED
Applications for Round 2 closed on 23 September 2021. Round 2 of the EIF made available grant funding for emerging renewable energy technologies.
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 support any renewable energy technology that satisfies the eligibility criteria outlined in the application guidelines.