$60 million investment to drive job-creating clean energy projects

• New round of the Investment Attraction Fund to support major projects around the State
• Projects to create quality jobs and establish WA as a renewable energy powerhouse
• Part of WA Labor's plan to diversify the economy and create a future that’s Made in WA

Major job-creating projects will receive a $60 million boost, with the Cook Labor Government committing to a second round of the Investment Attraction Funds’ New Energies Industries stream if re-elected.

The funding is available for innovative clean and renewable energy projects in areas including critical minerals, green iron and steel, hydrogen and carbon capture and storage.

Individual projects will be eligible for up to $15 million each, helping businesses to get off the ground, scale-up and expand capacity.

The last round of the IAF New Energies Industries stream recently awarded a total of $60 million to a range of projects across the State including low carbon steel, carbon capture and storage projects, processing for battery precursors including graphite and a pilot for green lithium.

These projects are at the cutting edge of the clean energy transition - reducing emissions from steel and other hard to abate sectors and producing the batteries the world needs for a clean energy future.

Today’s announcement will build on WA Labor’s work to diversify the economy for the future.

Comments attributed to Premier Roger Cook:

“More than 343,000 local jobs have been created under WA Labor and boosting funding for the Investment Attraction Fund will only build on this work."

“Supporting innovative new projects to thrive will keep our economy strong and establish our State as a global clean energy powerhouse."

“Only WA Labor has the experience to diversify our economy, create quality local jobs and make more things here in WA.”