The Australian Government Department of Industry, Science, Energy and Resources is providing businesses with grants of up to $25,000 to improve their efficiency through the High Energy Using Business Grants.
Opened Monday, the grant opportunity aims to support high energy using businesses to lower power bills and reduce emissions through:
> replacing existing equipment with higher efficiency equipment
> installing or replacing a component to help an existing system run more efficiently
> carrying out energy audits
> carrying out monitoring of energy use and emissions.
High energy using businesses are defined as those with annual net consumptions greater than 0.05 petajoules per year
Over $14 million is available under this grant opportunity, distributed between states and territories based on the distribution of relevant businesses nationally. Further information on the jurisdictional breakdowns, along with the grant guidelines, are available here.
Funding, between $10,000 to $25,000 per business, can be used for any of the actions above as well as for investing in feasibility studies for efficiency upgrades. Grants are available for 50% of the project expenditure, with the recipients responsible for the remaining 50%.
Minister for Energy and Emissions Reduction Angus Taylor highlighted that lowering power bills will help strengthen businesses’ resilience during these challenging economic times.
“Energy is a big part of the operational costs for businesses. Any support the Government can give to get those costs down will help businesses to invest, expand and employ more Australians,” Minister Taylor said. “The Morrison Government is working closely with business to create jobs and rebuild our economy”. The full media release can be viewed via the following link.
The Energy Efficient Communities Program, which was announced as part of the Government’s Climate Solutions Package in the 2019 Federal Budget, will deliver $40 million in grants to help businesses and community groups improve efficiency practices and technologies and better manage power consumption to reduce their power bills. Information on other streams is available here.
Applications for The High Energy Using Business Grants close on 24 September 2020.
If you are interested in the announcements or need assistance in assessing the opportunities, please contact the Equilibrium team on (03) 9372 5356 or at email@example.com
Equilibrium often posts about new grants so be sure to follow our blog posts.