FRV Services
Installation of a 100MW/2-hour lithium-ion battery energy storage system using new grid forming inverters.
- Location: Terang, Barwon South West
- Funding awarded: $7 million
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Overview
Round 3 – Application Guidelines expected to be released August 2025; and applications anticipated to open in September 2025
Round 1 and 2 – Closed
The Energy Innovation Fund supports the commercialisation of innovative, emerging renewable energy technologies in Victoria, required to meet the net-zero emissions by 2045 target.
The fund is being delivered in multiple rounds.
- Round 3 will be dedicated to industrial electrification, with a focus on the food and beverage processing and manufacturing sector. Applications anticipated to open September 2025.
- Round 2 was open to any renewable technology type that can support Victoria’s net-zero emissions by 2045 target.
- Round 1 was dedicated to offshore wind.
Round 3
Industrial electrification with a focus on food and beverage processing and manufacturing sector
Round 3 will support industrial electrification in Victoria, with a specific focus on the food and beverage processing and manufacturing sector.
Round 3 was announced on 25 June 2025 and the program design elements are currently being finalised.
Application Guidelines, including eligibility and assessment criteria, are anticipated to be released in August 2025, with applications expected to open in September 2025.
For further details on timing, please see the indicative timeline below.
Indicative timing
- Applications guidelines expected to be released in August 2025
- Industry consultation August to September 2025
- Applications anticipated to open September 2025
- Applications anticipated to close November 2025
Funding
Under Round 3, a total funding pool of $10 million will be available.
Register your interest
Please send an email to energy.innovation@deeca.vic.gov.au with the subject line Energy Innovation Fund Round 3 Registration of Interest to receive further information.
Round 2
Technology neutral
Round 2 was open to any renewable technology type that could support Victoria's net-zero emissions by 2045 target and met the eligibility criteria.
Funded projects
Four projects secured funding under Round 2.
A total of $38.2 million was provided to support:
- two bio-energy projects
- a large-scale battery
- a renewable hydrogen project.
Combined these projects will create:
- up to 200 construction jobs
- 20 ongoing jobs
- unlock more than $160 million of commercial investment.
Innovating Energy
Installation of a 2.2MW bioenergy facility at an existing dairy processing plant.
- Location: Gippsland
- Funding awarded: $10 million
Pavillion Farms
Installation of an anaerobic digestion plant which using chicken litter and other organic matter as feedstock to convert to Biogas.
- Location: Anakie, Barwon Southwest
- Funding awarded: $9.3 million
Yarra Valley Water
Installation of an electrolyser to split water into hydrogen and oxygen at its wastewater treatment plant. This pilot project will test the technology prior to building the full-scale electrolyser.
The site’s existing waste-to-energy facility will power the electrolyser producing renewable hydrogen from surplus recycled water and oxygen which will potentially be used to treat wastewater.
Location: Wollert, Melbourne
Funding awarded: $11.9 million
Round 1
Offshore wind
Due to technological advances and declining costs, offshore wind has experienced significant global growth over the last decade. The sector now has an important role in the global energy transition and pathway towards net zero emissions.
Round 1 opened for applications in February 2021 and received a strong response.
Funded projects
A total of $37.9 million was provided to support the completion of feasibility and pre-construction activities.
Flotation Energy
Completed scoping studies and surveys for a 1500 MW offshore wind farm off the Gippsland Coast. This included working with oil and gas facility operators to assess the potential for onshore and offshore asset re-use.
The scoping works supported the development of a project. If constructed, could result in an investment of approximately $6 billion and the creation of over 1,600 jobs.
- Location: Gippsland
- Funding awarded: $2.3 million
Macquarie Group
Pre-feasibility works investigated the potential for a 1500 MW offshore wind farm off the Bass Coast. If constructed the project could result in a total investment of approximately $4.0 billion and the creation of over 1,500 jobs.
- Location: Bass Coast
- Funding awarded: $16.1 million
Star of the South Offshore Wind Project
Pre-construction development activities for the 2200 MW project, located off the coast of Gippsland. If constructed, the project could result in an investment of approximately $8.7 billion and the creation of over 2,000 jobs.
- Location: Gippsland
- Funding awarded: $19.5 million
Page last updated: 26/06/25