Government funding to support future energy technologies

Applications for $2 million in funding towards future energy technologies are now open, and must be received before 30 September 2019.

Administered by National Energy Resources Australia (NERA), the funding will support innovation in the energy resources sector.

Applicants who are pursuing projects in the remote operations, robotics, and Artificial Intelligence areas, as well as those developing unconventional gas technologies, exploring the potential of hydrogen as an energy source, and looking into decommissioning existing projects are encouraged to apply.

Minister for Industry, Science, and Technology, Karen Andrews, highlighted how technological innovation can drive productivity gains in the sector.

“AI and robotics are critical to improving the productivity and safety of the energy resources sector,” said Andrews.

In a statement, NERA noted that proponents should demonstrate innovation, clear commercialisation avenues, and structured project timeframes.

To be successful, the projects must have matched industry funding, be undertaken in Australia, and address one or more of the Knowledge Priorities that are identified in the NERA Sector Competitiveness Plan. These priorities include, “developing new markets and business models”, “enhancing skills and business capabilities to support automation and digitisation”, and “pursuing a sustainable and low carbon energy future”.

“We know collaborative partnerships between industry and innovators can produce truly transformational results, and NERA is committed to continuing to support our sector adopt and adapt to new technologies that generate competitive industry outcomes, efficiencies and deliver value and jobs across the nation,” said NERA chief executive, Miranda Taylor.

With this funding, NERA hopes that sector wide gains can be made.

“We can unlock more than $10 billion in new value and achieve our vision of Australia as a global energy powerhouse, a sought-after destination for investment and the leading source of knowledge and solutions,” said Taylor.

Minister for Resources and Northern Australia, Matt Canavan, highlighted how successful project will allow for Australian technology to be adopted around the world.

“Australia is already an export leader in the raw materials of energy resources. By investing in our innovators and helping industry embrace new products and services, we can be a world leader in exportable technology solutions,” said Canavan.