The Federal Government has announced funding for the Reliable Affordable Clean Energy for 2030 (RACE for 2030) CRC and Building 4.0 CRC.

RACE for 2030

The Federal Government has announced is investing $68.5 million in the Reliable Affordable Clean Energy for 2030 (RACE for 2030) CRC.

The RACE for 2030 CRC will lead collaborative research and innovation to grow Australian energy technology businesses, improve clean energy uptake, while at the same time tackling the grid stability challenges facing new energy technologies, with long-term benefits for all Australians.

The CRC’s potential benefits include reducing energy costs by up to 25 per cent, reducing emissions by up to 20 million tonnes and an $8 billion economic benefit by 2034.

RACE for 2030 CRC has generated around $280 million in cash and in-kind contributions from industry and researchers to drive its work which will be supported by the $68.5 million in Government support under round 21 of the CRC program.

More information here

Building 4.0 CRC

The Federal Government has committed $28 million towards to the Building 4.0 CRC, which seeks to deliver better buildings at lower cost and strengthen the human capacity needed to lead the building industry into a low carbon future.

The Building 4.0 CRC is guided by three targets: Better Buildings; New Efficiencies and Markets; and Building Human Capacity. These targets include a focus on developing sustainable and energy efficient buildings, reducing construction waste and promoting stronger connection and collaboration within industry.

The Building 4.0 CRC has generated a further $102.9 million in cash and in-kind contributions from industry and researchers, with major partners including Lendlease, Bluescope and Master Builders.

More information here