Future Fuels Funding Boost for Fleets

The Australian Renewable Energy Agency (ARENA) – established by the Australian Government in 2012 to support the transition to net zero emissions – has launched a Future Fuels Program with $127.9 million of funding to support fleets to shift to zero emissions vehicle (ZEV) technology over the next four years.

Funding will be available for light vehicle fleet operators for charging and electrical infrastructure, while heavy fleet operators are eligible for funding towards enabling infrastructure and some support for vehicle costs. ARENA says it is also looking to fund projects that incorporate hydrogen fuel cell vehicles and refuelling infrastructure.

The program is the latest from the Australian Government’s Future Fuels Fund. The first round of funding saw $24.55 million allocated to five companies for the construction of 403 electric vehicle fast charging stations across the nation.

Announced in 2020, the Future Fuels Fund was initially a $71.9 million fund to support public charging infrastructure for battery electric vehicles, as well as hydrogen and biofuel technologies. It was boosted with a further $178 million in 2021.

Also announced by ARENA in the past few weeks is $22.8 million in funding to Viva Energy Group Limited (Viva Energy) to develop, build and operate the New Energies Service Station located in Geelong, Victoria, to support the uptake of hydrogen fuel cell electric vehicles (FCEV) in heavy fleets.

The project will be built opposite Viva Energy’s petroleum refinery and incorporate a 2MW electrolyser along with hydrogen compression, storage and dispensing infrastructure. The service station will also include 150 kW electric vehicle (EV) charging facilities.

ARENA’s funding will also subsidise the purchase and operations of 15 hydrogen FCEVs to help fast-track FCEV uptake.

Source: Motor Trader e-Magazine (March 2022) 

16 March 2022

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