$275-million investment towards Net Zero manufacturing, jobs

Net zero emissions is the target set by the Minns Labor Government as it announces $275 million in grants to support green manufacturing and jobs across New South Wales, a move welcomed by Lismore MP Janelle Saffin.
Media Release

LISMORE MP Janelle Saffin has welcomed today’s announcement of $275 million in grants under the NSW Labor Government’s Net Zero Manufacturing Initiative, to develop and manufacture clean technology and create new jobs in the process.

Ms Saffin urged small and medium businesses in the Northern Rivers and Northern Tablelands region to check their eligibility for funding under the Net Zero Manufacturing Initiative.

The Government’s initiative will support workers, small and medium businesses, manufacturers and innovators to take advantage of the transformation of our energy grid. The move to net zero will also transform our economy – and these grants will ensure NSW manufacturing is part of this revolution.

The initiative will deliver more local, secure jobs across the state, and support the diversification of our regional economies.

The investment areas are aligned to the opportunity areas identified through the NSW Decarbonisation Innovation 2023 Study, released by the Office of Chief Scientist and Engineer.

This includes future energy systems and storage, transportation, built environment, biomanufacturing, power-fuels including hydrogen and agricultural technologies.

The Net Zero Manufacturing Initiative will offer the following grants:

  • Renewable Manufacturing – increasing capacity to make the components for renewable energy projects, which will alleviate supply chain constraints and increase local content capability.
    For example, projects could include constructing a brand-new facility for the manufacture of solar cells, or supply chain parts for renewable energy transmission.
  • Clean Technology Innovation – helping businesses get scalable low-emission technologies, market-ready.
    For example, prototypes of next generation residential batteries, or new laboratory equipment that can test a material’s ability to store hydrogen atoms.
  • Low Carbon Product Manufacturing – establishing industrial facilities and manufacturing capabilities that can take advantage of investment in new and emerging low carbon industries.
    For example, building a new facility for the manufacture of low-carbon laminate timber, or implementing a new production line within an existing biomass facility for manufacturing bio-diesel.

The initiative will focus on already lab-proven technologies and the manufacturing of market-ready products that are ready to be scaled-up and rolled out across NSW.

This will support NSW’s five Renewable Energy Zones and hydrogen hubs, giving them access to more materials produced in NSW.

These grants open to the public from today (Monday, 26 February 2024).

To check eligibility and apply go to: www.energy.nsw.gov.au/NetZeroManufacturing.

The Net Zero Manufacturing Initiative was jointly announced by NSW Premier Chris Minns, NSW Minister for Climate Change, Energy and Environment Penny Sharpe MLC, and NSW Minister for Domestic Manufacturing and Government Procurement Courtney Houssos MLC.