Up to $60 million will be available as a part of the Cook Government’s Investment Attraction Fund (IAF) for eligible projects, including those focused on critical minerals processing, renewable hydrogen, green iron and steel along with carbon capture, utilisation and storage.
“The Investment Attraction Fund New Energies Industries Funding Stream provides a path forward for projects which have the potential to change how WA energy is both created and utilised,” WA Energy and Decarbonisation Minister Amber-Jade Sanderson said.
“The Cook Government remains committed to becoming a global clean energy leader and it’s through opportunities such as the IAF we are able to build on this goal.”
The first round of the program allocated $60 million to five projects in 2024 from the inaugural New Energies Industries Funding Stream.
Previous successful proposals included decarbonising steel manufacturing, converting critical minerals into high-value battery precursors and developing technology to produce critical battery materials, as well as carbon capture and storage ventures.
The fund develops and expands new and emerging industries, fulfilling a key part of the Cook Government’s Made in WA plan.
Since its launch in 2022, the IAF has supported 47 projects and awarded over $200 million in funding.
WA Premier Roger Cook said “One of my government’s key priorities is diversifying the WA economy so that it remains the strongest in the nation, by becoming a global leader in investment attraction, industry facilitation and regulation.”
“Through my government’s Made in WA plan,we have funded a second round of the successful New Energies Industries Funding Stream, which is focused on the technologies of the future.”
“The Investment Attraction Fund continues to encourage those in new and emerging industries to grow and flourish right here in WA.”
“The IAF has been able to support dozens of projects over the past three years and has provided $216.4 million in funding, creating local jobs and helping diversify WA’s economy.”
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.