A NSW Government website

Developing renewable and low carbon manufacturing industries in NSW


We are committed to growing the NSW economy by investing $550 million to support our manufacturing industries to develop renewable energy and low carbon products.  

Two funding initiatives are expected to open in 2023: 

  • $300 million to develop manufacturing of low carbon products and materials  
  • $250 million to develop components for the renewable energy and electric vehicle sectors. 

These initiatives aim to help expand and establish local manufacturing in our renewable energy and low carbon sectors. They focus on technologies that are commercially viable and ready for scaling up. 


Low Carbon Product Manufacturing Fund

Renewable Manufacturing Fund         

Funding timeframes 

$300 million from 2023 to 2032 

$250 million from 2023 to 2027 

Funding mechanism 

Various options including grants 

Grants only 

Investment focus 

Manufacturing of low carbon and zero emissions products and materials using commercialised technology.   

Manufacturing of plant, equipment and processes needed to produce renewable energy and low carbon products (including electric vehicles) using commercialised technology. 

Eligible example projects 

  • low emissions building materials 

  • green chemicals 

  • power fuels and clean fuels 

  • agricultural products and feed 

  • equipment, plant or infrastructure for hydrogen end uses 

  • sharing industrial by-products and growing circular economy. 

  • components for renewable energy such as wind towers, solar, batteries 

  • electrification equipment to support switching from fossil fuels to electricity 

  • electric vehicle components and assembly  

  • hydrogen electrolysers. 

How to get involved

We are expecting to open the 2 new funding initiatives for applications later in 2023. In the coming months we will release more information. This will include targeted funding areas and support that will be identified through the registration of interest (ROI) process that closed in February 2023.

If you would like to stay updated to learn more and find out when applications open, you can provide your contact details. 

You can also learn about the recent ROI and funding initiatives by reading our frequently asked questions

Registrations of interest are now closed

Submissions closed at 5:00 pm AEDT on 28 February 2023.  

Submissions are being reviewed by our team. We expect to contact applicants with feedback on their submissions in quarter 2 this year. 

Watch our webinar

We held an online information session for applicants and industry stakeholders to learn more about our upcoming funding streams and the ROI. 

Watch our webinar video.


Contact us

If you have any questions about the funding initiatives, email us at [email protected]

Stay updated

If you wish to receive updates about these funding initiatives or other Net Zero industry and innovation opportunities, please provide your details below. 

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