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New Energy Technologies

Working with the industry to drive maximum value from Victoria’s energy resource.

Overview

Victoria has a wealth of clean energy resources which are set to play a key role in meeting Victoria's future energy needs. Victoria's share of electricity generated from renewable resources has increased substantially, from 4.8 per cent in 2009 to 12 per cent in 2014. Australia is forecast to attract $36 billion in renewable energy investments by 2020. It is vital Victoria captures a share of this.

Victoria's Future Industries

The $200 million Future Industries Fund supports high growth industry sectors that are critical to securing Victoria's future as a competitive, innovative and outward looking economy.

The Victorian Government has identified six priority sectors that have potential for extraordinary economic growth and the capacity to create high-skill, high wage jobs. These include:

  • Medical Technologies and Pharmaceuticals
  • New Energy Technologies
  • Food and Fibre
  • Transport, Defence and Construction Technologies
  • International Education
  • Professional Services

A grants program delivered through the Future Industries Fund will support these sectors to compete in the global marketplace.

Grants will support projects that create new jobs and those that need government support to succeed. Funding will be delivered through Future Industries Fund programs including:

  • New Energy Jobs Fund
  • Manufacturing Program
  • Sector Growth Program

New Energy Jobs Fund

The Victorian Government's $20 million New Energy Jobs Fund will support Victorian-based projects that create long-term sustainable jobs, increase the uptake of renewable energy generation, reduce greenhouse gas emissions and drive innovation in new energy technologies.

Funding to support new energy technology projects will be available through three annual grant rounds.

The second and third grant rounds are expected to open late 2016 and 2017.

Need more assistance?
Call us on 13 22 15

Email: new.energy@ecodev.vic.gov.au

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