The Australian government is establishing the new Powering Australia Industry Growth Centre to promote emerging Australian-made solutions that would address the country’s energy and emissions challenges.
The Albanese government announced today a $14 million investment in the facility, which will help deliver on its commitment to an industry-led approach to enhancing Australia’s renewable energy industries.
The centre will also boost one of the priority investment areas in the National Reconstruction Fund, which allocates a total of $3 billion in renewable and low-emissions technologies.
“Today’s announcement will help maximise that investment,” Minister for Industry and Science Ed Husic said in a press release.
The Powering Australia Industry Growth Centre will provide advanced technology and skills businesses require to locally manufacture renewable energy solutions.
Among its missions, the industry growth centre will help with commercialising Australian-made renewable energy technologies and ideas and encourage connections between critical minerals producers and renewable tech manufacturers.
A First Nations advisor will also be designated to build First Nations business management capabilities.
The new investment comes as the government looks at the critical role of locally developed and manufactured technologies in Australia’s transformation into a renewable energy superpower.
“We want an agile, industry-led approach to growing our renewable technology industry,” said Minister Husic. “Industry Growth Centres are a proven way of delivering the sort of timely and targeted support to our renewable business leaders are calling for.”
