Australian Renewable Energy Grants (ARENA)

1. The Industrial Transformation Stream (the Program) is delivered by the Australian Renewable Energy
Agency (ARENA). The Program is focused on supporting projects that accelerate decarbonisation of
industry in Regional Australia.

2. The Program Objectives are to:

1. support Industrial Facilities in Regional Australia to reduce emissions in line with Australia’s 2030
   emissions reduction goals and transition to net zero by 2050;
2. improve technology readiness and commercial readiness of Renewable Energy Technologies, Energy
   Efficiency Technologies and Electrification Technologies that will result in a significant reduction in Scope 1
   and/or Scope 2 emissions and/or improve the energy efficiency of an industrial process or processes;
3. encourage technology demonstration, collaboration and knowledge sharing across industry and/or
   regions; and
4. support upskilling of existing industrial workforce in new decarbonisation activities.

3. The Guidelines should be read in conjunction with the Industrial Transformation Stream focus areas
(Program Focus Areas) and any Funding Announcements published on the Program webpage.

4. The total funding allocated for the Program is up to $400 million, to be delivered by ARENA under the
2023-2024 Budget Measure titled Powering the Regions Fund – final design. The total funding allocated
for the Program may be reduced or increased at the discretion of ARENA

5. The Program will fund feasibility stage projects through to demonstration and deployment stage projects.
In certain circumstances this may be supported through Stage Gated funding, referred to as a Multi-Stage
Funding Mechanism (detailed in Part 5). ARENA reserves the right to remove the Multi-Stage Mechanism
from these Guidelines at its discretion.

6. Projects may target a reduction in Scope 1 and/or Scope 2 Greenhouse Gas Emissions through solutions
including, but not limited to, investment in electrification, fuel switching or Energy Efficiency, or critical
enabling infrastructure. ARENA funds cannot be used to fund basic technology research and research to
prove feasibility as detailed in Appendix B.

7. To be considered for funding the Project must have a direct, contractual connection to an eligible Industrial
Facility, which is under the operational control of an entity which meets the Corporate
Group Threshold for reporting under the National Greenhouse and Energy Reporting Act 2007 (Cth)
(NGER Act) in Regional Australia.

8. Funding will be deployed in a series of funding rounds. The nature and duration of each funding round
will be communicated on the Program webpage. Each round will be defined by specific Program Focus
Areas. Program Focus Areas will be published on the Program webpage and may be updated at ARENA’s
discretion.

9. The application and assessment process for the Program will typically involve two stages, an Expression
of Interest (EOI) stage and a Full Application stage, unless otherwise specified. Eligibility and merit will
be assessed at each stage. Part 2 of these Guidelines provides further details on the application and
assessment process.

10. These Guidelines describe the procedures and requirements of ARENA to determine which applications
will receive funding. Applicants should take note of these before submitting an application. Program Focus
Areas and any relevant Funding Announcements should be reviewed as a source for clarification on
eligibility, merit criteria or targeted activities and outcomes beyond these Guidelines.

11. Only EOIs and Full Applications which meet the Eligibility Criteria outlined in Part 3 will be assessed under
the Merit Criteria outlined in Part 4.

12. ARENA may award Grant funding to eligible Applicants on the basis of an individual Merit Criteria
assessment, as set out in Part 4 of these Guidelines. The five Merit Criteria will be equally weighted,
and are as follows:

1. Merit Criterion A: Contribution to the Program Objectives;
2. Merit Criterion B: Applicant capability and capacity;
3. Merit Criterion C: Project design and methodology;
4. Merit Criterion D: Financial viability and co-funding commitment; and
5. Merit Criterion E: Knowledge Sharing.

13. All successful Applicants will be required to share data and knowledge from their Projects under Merit
Criterion E. ARENA’s expected requirements are outlined in items 4.18 and 4.19 of these Guidelines,
subject to any clarification under specific Program Focus Areas or Funding Announcements at ARENA’s
discretion. The proposed Knowledge Sharing Plan and knowledge sharing outcomes will be assessed for
merit and will form part of the Funding Agreement.

14. All Applicants should also meet other applicable requirements described in these Guidelines, including
compliance with relevant legislative requirements (see items 7.17-18).

15. Funding will be deployed in a series of funding rounds. The nature and duration of each funding round will
be communicated on the Program webpage. Each round will be defined by specific Program Focus Areas.
Future Program Focus Areas will be updated on the Program webpage at ARENA’s discretion.

16. An EOI for ARENA funding under an active round in this Program can be submitted at any time while the
round remains open. The final date for EOI submissions under a round will be displayed on the Program
webpage.

17. ARENA will review EOI applications in regular, batched assessments as indicated on the Program
webpage, with the discretion to assess EOIs more or less frequently depending on the volume of
applications received. Full Applications will typically be assessed on an ongoing monthly basis until
all funds available under the Program are exhausted or these Guidelines are revoked.

18. In addition to the Merit Criteria assessment, ARENA may take a portfolio approach in deciding which
applications to fund as outlined in items 2.26 and 2.27 and consider the overall risk of ARENA providing
funding to the Applicant. Comparative assessment of applications will be considered for applications
specific to a closed competitive process under a Targeted Funding Round (see items 2.31-2.37).

19. All applications must be completed online using ARENA’s grants management system, ARENANet,
which is accessible from the Program webpage.

20. If there is any inconsistency between this Executive Summary and the remainder of the document,
the remainder of the document is to prevail.

1. The National Industrial Transformation Program (the Program) is delivered by the Australian Renewable
Energy Agency (ARENA). The Program is focused on supporting projects that accelerate decarbonisation
of industry.

2. The Program Objectives are to:

1. support Industrial Facilities to reduce emissions in line with Australia’s 2030 emissions reduction goals
   and transition to net zero by 2050;
2. improve technology readiness and commercial readiness of Renewable Energy Technologies, Energy
   Efficiency Technologies and Electrification Technologies that will result in a significant reduction in
   Scope 1 and/or Scope 2 emissions and / or improve the energy efficiency of an industrial process or
   processes;
3. encourage technology demonstration, collaboration and knowledge sharing across industry and/or
   regions; and
4. support upskilling of industrial workforce in new decarbonisation activities.

3. The Guidelines should be read in conjunction with any National Industrial Transformation Program
Funding Announcements published on the Program webpage.

4. The total funding allocated for the Program is up to $40 million. The total funding allocated for the
Program may be reduced or increased at the discretion of ARENA.

5. The Program will fund feasibility stage projects through to demonstration and deployment stage projects.
In certain circumstances this may be supported through Stage Gated funding, referred to as a Multi-Stage
Funding Mechanism (detailed in Part 5). ARENA reserves the right to remove the Multi-Stage Mechanism
from these Guidelines at its discretion.

6. Projects may target a reduction in Scope 1 and/or Scope 2 Greenhouse Gas Emissions through solutions
including, but not limited to, investment in electrification, fuel switching or Energy Efficiency, or critical
enabling infrastructure. ARENA funds cannot be used to fund basic technology research and research to
prove feasibility as detailed in Appendix B.

7. To be considered for funding the Project must have a direct, contractual connection to an eligible Industrial
Facility.

8. The total grant for a particular project under the Program will not exceed $15 million.

9. The application and assessment process for the Program will typically involve two stages, an Expression
of Interest (EOI) stage and a Full Application stage, unless otherwise specified. Eligibility and merit will
be assessed at each stage. Part 2 of these Guidelines provides further details on the application and
assessment process.

10. These Guidelines describe the procedures and requirements of ARENA to determine which applications
will receive funding. Applicants should take note of these before submitting an application. Any Funding
Announcements should be reviewed as a source for clarification on eligibility, merit criteria or targeted
activities and outcomes beyond these Guidelines.

11. Only EOIs and Full Applications which meet the Eligibility Criteria outlined in Part 3 will be assessed under
the Merit Criteria outlined in Part 4.

12. ARENA may award Grant funding to eligible Applicants on the basis of an individual Merit Criteria
assessment, as set out in Part 4 of these Guidelines. The five Merit Criteria will be equally weighted, and
are as follows:

1. Merit Criterion A: Contribution to the Program Objectives;
2. Merit Criterion B: Applicant capability and capacity;
3. Merit Criterion C: Project design and methodology;
4. Merit Criterion D: Financial viability and co-funding commitment; and
5. Merit Criterion E: Knowledge Sharing.

13. All successful Applicants will be required to share data and knowledge from their Projects under Merit
Criterion E. ARENA’s expected requirements are outlined in items 4.18 and 4.19 of these Guidelines,
subject to any clarification under any Funding Announcements at ARENA’s discretion. The proposed
Knowledge Sharing Plan and knowledge sharing outcomes will be assessed for merit and will form part of
the Funding Agreement.

14. All Applicants should also meet other applicable requirements described in these Guidelines, including
compliance with relevant legislative requirements (see items 7.17-18).

15. An EOI for ARENA funding under this Program can be submitted at any time while this Program
remains open.

16. ARENA will review EOI applications in regular, batched assessments as indicated on the Program
webpage, with the discretion to assess EOIs more or less frequently depending on the volume of
applications received. Full Applications will typically be assessed on an ongoing monthly basis until
all funds available under the Program are exhausted or these Guidelines are revoked.

17. In addition to the Merit Criteria assessment, ARENA may take a portfolio approach in deciding which
applications to fund as outlined in items 2.25 and 2.26 and consider the overall risk of ARENA providing
funding to the Applicant. Comparative assessment of applications will be considered for applications
specific to a closed competitive process under a Targeted Funding Round (see items 2.30-2.36).

18. All applications must be completed online using ARENA’s grants management system, ARENANet,
which is accessible from the Program webpage.

19. If there is any inconsistency between this Executive Summary and the remainder of the document,
the remainder of the document is to prevail.

1. CEIF is a venture capital investor focused on clean energy innovation, aiming to accelerate the transition to net-zero emissions.

2. It offers support of up to $5 million, drawing on CEFC finance and expertise, to invest in innovative businesses driving the transition to net-zero emissions.

3. Managed by Virescent Ventures, a specialist climate tech fund manager with a 30% shareholding by CEFC, CEIF aligns companies with climate tech investors to attract more private sector investment into Australian climate tech.

4. CEIF invests in companies with experienced management teams, competitive technology, and potential for domestic and global market application, focusing on debt and equity with a tailored approach.

5. Priorities include clean energy transition, mobility and smart cities, food and agriculture, and circular economy and industry, aiming to achieve significant emissions reduction.

6. Detailed guidelines outline criteria for low emission technologies, focusing on emissions intensity reduction compared to baselines and excluding prohibited technologies like carbon capture and nuclear power.

7.  Companies eligible for CEIF support must demonstrate management capability, technological edge, and potential for global market application, with investments primarily based in Australia.

8.  Interested applicants must thoroughly understand guidelines, ensure eligibility, and deliver complete project information as outlined.

1. The Solar Sunshot Program, managed by the Australian Renewable Energy Agency (ARENA), is designed to accelerate the development of Australia’s solar PV manufacturing capacity.

2. The program offers substantial financial backing, providing up to $1 billion to support the enhancement of the entire solar PV supply chain, including stages from polysilicon production to solar module assembly.

3. ARENA directs the program in close collaboration with stakeholders and industry experts, integrating extensive feedback to ensure alignment with industry needs and innovation trends.

4. Investment targets include enhancing technological capabilities and building sovereign manufacturing capacity, prioritising scalability and commercial viability for both domestic and global markets.

5. The program focuses on critical supply chain components, aiming to significantly bolster Australia’s role in the global clean energy sector through innovative and sustainable solar technologies.

6. Eligibility extends to Australian entities that can demonstrate advanced project readiness, management capability, and a commitment to sustainability, with a strong emphasis on detailed project proposals and potential market impact.

7. Interested parties are encouraged to engage with the program’s structured consultation process and prepare comprehensive applications according to ARENA’s guidelines, with a clear pathway to commercialization and market entry.

1. The Hydrogen Headstart Program, managed by the Australian Renewable Energy Agency (ARENA), aims to accelerate the development of Australia’s hydrogen industry.

2. The program offers substantial financial backing, with $4 billion allocated to support large-scale renewable hydrogen projects through competitive hydrogen production contracts.

3. ARENA directs the program in collaboration with stakeholders and industry experts, integrating extensive feedback to ensure alignment with industry needs and innovation trends.

4. Investment targets include bridging the commercial gap for first mover projects, catalysing clean energy industries, and connecting Australia to global hydrogen supply chains.

5. The program focuses on projects producing hydrogen from renewable energy or derivative products like ammonia or methanol, aiming to position Australia as a leader in the global hydrogen sector.

6. Eligibility extends to Australian-based projects that can demonstrate advanced project readiness, management capability, and a commitment to sustainability, with a strong emphasis on detailed project proposals and potential market impact.

7. Interested parties are encouraged to register for updates and prepare comprehensive applications according to ARENA’s guidelines, with a clear pathway to commercialization and market entry.

1. The Future Made in Australia Innovation Fund, as part of a strategic $22.7 billion government initiative, is designed to reinforce Australia’s economic fortitude through targeted investments in clean energy and diversified industries.

2. The fund commits an impressive $16.5 billion over the next decade to foster various projects that enhance productivity and livability across Australia, focusing on key sectors such as renewable energy, advanced manufacturing, and digital innovation.

3. Managed by a consortium including government departments and industry leaders, the FMIAIF operates in strict alignment with the newly established National Interest Framework, ensuring investments meet strategic economic and environmental goals.

4. Investment priorities are centered around boosting technological advancement, enhancing Australia’s manufacturing capacities, and securing the country’s position in the global economic landscape, particularly in the transition to a net-zero emissions future.

5. The fund’s efforts are concentrated on critical and emerging sectors identified within the National Interest Framework, aiming to position Australia as a leader in renewable energy and low-emission technologies on the international stage.

6. Eligibility for funding is broad, encompassing Australian businesses, research institutions, and consortia that demonstrate strong project viability, innovative capabilities, and alignment with national economic and sustainability objectives.

7. Potential applicants are urged to participate in ongoing consultations and prepare robust applications that outline clear objectives, expected outcomes, and pathways to both market and broader societal benefits, in accordance with the fund’s strategic aims.

1. The Battery Breakthrough Initiative (BBI), managed by the Department of Industry, Science, Energy, and Resources, is designed to accelerate the development of Australia’s battery manufacturing capacity.

2. The initiative offers substantial financial backing, providing over $500 million to support the enhancement of the entire battery supply chain, including stages from raw material extraction to battery assembly and production.

3. The Department directs the program in close collaboration with stakeholders and industry experts, integrating extensive feedback to ensure alignment with industry needs and innovation trends.

4. Investment targets include enhancing technological capabilities and building sovereign manufacturing capacity, prioritizing scalability and commercial viability for both domestic and global markets.

5. The program focuses on critical supply chain components, aiming to significantly bolster Australia’s role in the global clean energy sector through innovative and sustainable battery technologies.

6. Eligibility extends to Australian entities that can demonstrate advanced project readiness, management capability, and a commitment to sustainability, with a strong emphasis on detailed project proposals and potential market impact.

7. Interested parties are encouraged to engage with the program’s structured consultation process and prepare comprehensive applications according to the Department’s guidelines, with a clear pathway to commercialization and market entry.