Fund encourages lower-emissions technology
Businesses are being encouraged to adopt innovative technology that cuts greenhouse gas emissions in a funding round announced by Energy and Resources Minister Megan Woods today.
The funding support is offered as part of the Technology Demonstration programme run by EECA.
The funding round introduces new criteria to encourage larger scale projects tackling process heat – the hot water and heating systems used in manufacturing and other processes.
To qualify for funding, projects must reduce energy intensity or greenhouse gas emissions, have potential to be replicated on a large scale, and be financially viable, with a reasonable payback period.
Businesses can apply for up to 40% of a project’s cost. The maximum available is $250,000 for process heat projects, and $100,000 for other projects.
Applications to the current funding round are open until Thursday 29 March.