Innovative green technologies and services have received a $40 million funding boost with the launch of the Lower Carbon Grants Program – Gorgon Fund and GreenTech Hub.
A partnership between the State Government and Gorgon Joint Venture, led by Chevron, is part of WA’s decarbonisation plan and aims to increase the State’s presence as a global energy provider.
“WA is already home to world-leading energy producers and businesses that supply state-of-the-art equipment to energy companies around the world,” says David Fallon, Chevron Australia General Manager of Energy Transition.
“For Chevron, our goal in Australia is to be a leader in producing lower carbon intensity natural gas people rely on every day.
“At the same time, we’re exploring lower carbon energy businesses to help sectors, such as heavy transportation and manufacturing, to achieve their lower carbon goals with solutions including carbon capture and storage.”
The fund and hub will be managed by the Government.
FIND OUT MORE: Want to find out more about climate change and reducing emissions for your business? Go to climate.cciwa.com.
Lower Carbon Grants Program – Gorgon Fund
Minister for Innovation, the Digital Economy and Science, Stephen Dawson, says the fund will be used to support innovative projects that support the decarbonisation of WA’s economy.
“The Lower Carbon Grants Program will no doubt encourage companies to begin researching and developing ways which decrease their carbon footprint,” he says.
The program will be established in 2024, funding large, transformational research and innovation activity across industries, technology platforms and regions. Applications will open in 2024, but a date or further details are yet to be announced.
GreenTech Hub
The GreenTech Hub will be funded by $4m over four years, focusing on accelerating green technologies and services in WA.
Modelled off existing co-funded Government hubs, it aims to drive entrepreneurship, develop state-wide capability, foster collaboration between industry, researchers and Government, and support the commercialisation of green technologies.
The hub will also help attract investment to WA that supports green technologies and services, along with developing the required local workforce skills and knowledge.
“Establishing WA’s very own GreenTech Hub will help connect businesses, universities and the community to address practical decarbonisation and sustainability challenges,” Minister Dawson says.
Expressions of interest (EOI) are open for an operator organisation to implement and manage the hub and deliver services for four years. Information on EOI submissions is available here.
To be part of WA’s peak business organisation, get in touch via 1300 422 492 or [email protected].
