Discovery – Infrastructure
Energy and critical energy materials hot topics for government
Strong government focus on energy
Surrounded by several announcements since July, energy and critical energy materials are a hot topic for both the WA and Australian Government. In case you missed them, they include:
- An additional $10 million in funding to the Clean Energy Future Fund to help proponents adopt new technologies and reduce emissions
- $13.2 million in project funding to attract a global cathode active materials manufacturer to WA
- An additional $5 million in funding to the Renewable Hydrogen Fund
- An additional $1.6 billion in funding to the Australian Renewable Energy Agency (ARENA) and Clean Energy Finance Corporation (CEFC) to invest in new technologies
- Investing $211 million to improve Australia’s liquid fuel security
- Signing of a landmark agreement to undertake a joint feasibility study into a hydrogen supply chain between Australia and Germany
- The release of Australia’s first Low Emissions Technology Statement, which includes requiring the ARENA, CEF and the Clean Energy Regulator to focus on Government’s priorities
- Expressions of interest sought from international and Australian groups to produce commercial quantities of hydrogen at Oakajee.
Watch this space! There might be more announcements to come with the upcoming Federal and State Budgets. It’ll also be interesting to see how this scene plays out with the proposed FIRB reforms.
The WA Government’s release of its inaugural 20-year Whole of System Plan should also be soon. It will provide an evidence base for the Government to decide if it wants to take an interventionist approach to policy or regulation of energy and electricity in the Perth metropolitan, Goldfields and South West regions.
Over the last few months, CME has also been in touch with the FBICRC, CSIRO, Department of Defence and JTSI on critical minerals.