September 11 (Renewables Now) - Integrating renewables into the grid, speeding up the development of a hydrogen industry in Australia, and cutting industry emissions are the three new priority areas for the Australian Renewable Energy Agency (ARENA).
The agency presented its new investment plan today and said these priorities have been defined following consultation with industry and government. The goal is to direct ARENA funding where it will best assist with the energy transition in Australia.
“Our new investment priorities are geared towards future proofing our energy system and economy and helping to further unlock the vast renewable resources Australia has,” said CEO Darren Miller. He said the agency will help address the challenge of integrating renewables in an Australian electricity system that is getting more complex, more decentralised and more variable. He further said ARENA will support Australia in the launch of a hydrogen industry, opening up opportunities across the domestic economy and for renewable energy exports in the form of hydrogen. The agency will be there to support industry, which brings roughly 40% of total final energy use in Australia, in the transition to renewable energy.
Since its launch in mid-2012, ARENA has supported 478 renewable energy projects across various technologies.