NSW Labor Minns Government launches $275m initiative for green manufacturing
New South Wales has unveiled a groundbreaking $275m Net Zero Manufacturing Initiative, in a significant stride toward a sustainable future. Premier Chris Minns announced this ambitious program, designed to foster innovation, support the energy transition, and bolster job creation through the manufacturing of renewable energy systems, low-carbon products, and clean-technology innovation. The initiative, set against the backdrop of NSW’s legislative aspirations to slash greenhouse gas emissions by 2030 and achieve net zero by 2050, represents a pivotal moment for small and medium-sized businesses poised to pilot new 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 Net Zero Manufacturing Initiative offers funding for small and medium businesses wanting to pilot new technology within their premises,” Premier Chris Minns said. “These grants will bolster local manufacturing in the renewables and clean-technology industries, ultimately delivering more local, secure jobs.
“This is all about supporting and backing NSW businesses, manufacturers and innovators to develop homegrown technology and products right here in the state, and securing the jobs and skills we need for a renewable energy future.”
“NSW is undergoing a transformation of our energy grid, and this will also transform our economy,” Minister for Climate Change and Energy Penny Sharpe added. “These grants are all about ensuring NSW manufacturing is part of this revolution. They will lead to new secure, long-term jobs that are good for the planet but also build wealth in local communities and give NSW security and sovereignty of the renewable energy supply chain.”
“The NSW Labor Government is committed to rebuilding our domestic manufacturing industry,” Minister for Domestic Manufacturing and Government Procurement Courtney Houssos concluded. “For every one job in manufacturing, three-and-a-half other jobs are sustained in the supply chain. We want those secure, well-paid manufacturing jobs to be in NSW.”
This initiative is a testament to NSW’s commitment to a greener future, setting an ambitious target to reduce greenhouse gas emissions to 50% of 2005 levels by 2030 and to achieve net zero by 2050. By supporting the manufacturing of renewable energy systems and low-carbon products, NSW is not only taking decisive action against climate change but also positioning itself as a leader in clean-technology innovation. The focus on supporting small and medium-sized businesses in piloting new technologies within their premises is a strategic move that underscores the importance of local manufacturing in the renewables and clean-technology sectors.
The $275m investment in the Net Zero Manufacturing Initiative is more than just a financial commitment; it’s a pledge to future generations. By fostering a robust ecosystem for green manufacturing and innovation, NSW is laying the groundwork for sustainable economic growth, environmental preservation, and the well-being of its citizens. This initiative represents a significant step forward in NSW’s journey towards achieving its net-zero ambitions, promising a cleaner, greener, and more prosperous future for all.
energy.nsw.gov.au/business-and-industry/programs-grants-and-schemes/net-zero-manufacturing