💰 Muswellbrook Company Lands Clean Tech Innovation Grant

The Muswellbrook community is set to benefit from a significant investment in clean technology, with local company Renewable Metals Pty Ltd securing a grant as part of the NSW Government's new Clean Technology Innovation program. This initiative sees a total of $26.2 million injected into 13 cutting-edge projects across the state, aimed at advancing emissions reduction technologies from research to commercial viability.

The funding for Renewable Metals Pty Ltd, based right here in Muswellbrook, is part of the larger $275 million Net Zero Manufacturing Initiative, designed to stimulate new investment, create jobs, and foster opportunities for businesses and workers throughout New South Wales. The grants specifically target technologies not yet available in the market but possess strong potential to reduce emissions and help the state achieve its net zero targets.

Each successful project, including Muswellbrook's own, will undergo rigorous stages of development, from design and prototyping to construction, testing, and real-world scenarios, ensuring their commercial effectiveness. Individual project funding ranges from $400,000 to an impressive $5 million. In a strong vote of confidence from the private sector, these projects have also attracted an additional $46.9 million in private investment.

Minister for Climate Change and Energy, Penny Sharpe, highlighted the government's commitment, stating, "The Minns Labor Government is investing in the new technologies, jobs and industries that will drive our state’s transition to a low-carbon economy, create new jobs as we address the critical challenges climate change presents." Minister for Innovation, Science and Technology, Anoulack Chanthivong, added that building a green innovation economy is vital for NSW's prosperity, and that these projects will "fuel technological advancements as well as new investment, new jobs, and new opportunities right across the state," directly impacting areas like Muswellbrook.

All funded projects are slated for completion by 2028, promising tangible outcomes in NSW's shift towards a low-carbon economy.