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Global Trade Alert

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Australia: Government provides AUD 45 million in funding to construct a fuel-free energy storage facility

Description

On 21 October 2022, the Australian Renewable Energy Agency (ARENA) approved an AUD 45 million (approx. USD 28.4 million) funding towards Hydrostor Inc for the construction of a 200 MW / 1600 MWh fuel-...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

21 Oct 2022

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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