Backing innovation in industrial decarbonisation

Summary

Australia faces a significant challenge in decarbonizing industrial process heat, which is crucial for its net-zero transition. The Australian Renewable Energy Agency (ARENA) is addressing this by funding MGA Thermal with up to $3.25 million for five front-end engineering design (FEED) studies. This initiative aims to accelerate the commercialization of MGA Thermal's proprietary thermal energy storage (TES) technology, moving promising projects closer to investment and deployment for industrial electrification.

Key Facts

Source Document

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