The $400 million Industrial Transformation Stream Program (ITS Program) will support the reduction of scope 1 and scope 2 emissions at existing industrial facilities in regional Australia.

The ITS Program is an open, ongoing program which will run until 2027 or until funds are exhausted or otherwise terminated or extended at ARENA's discretion. Any updates to active Focus Areas will be published on ARENAs' website.

The Australian Government will support the decarbonisation of existing industries and creation of new clean energy industries through the $1.9 billion Powering the Regions Fund (PRF). The PRF forms part of 'Powering Australia', the Governments plan for Australia to become a renewable energy superpower, meeting the emission reduction targets of 43 per cent below 2005 levels by 2030, and net zero emissions by 2050. PRF has several funding streams: the $400 million ITS Program, $600 million Safeguard Transformation Stream Program (STS Program), and $400 million Critical Inputs to Clean Energy Industries (CICEI Program). ARENA is responsible for the delivery of the ITS Program.

The ITS Program is for Scope 1 and Scope 2 greenhouse gas emissions abatement of existing, regional industrial facilities (not limited to trade exposed Safeguard facilities).

The Program objectives are to:

• support industrial Facilities in Regional Australia to reduce emissions in line with Australia's 2030 emissions reduction goals and transition to net zero by 2050;
• improve technology readiness and commercial readiness of Renewable Energy Technologies, Energy Efficiency Technologies and Electrification Technologies that will result in a significant reduction in Scope 1 and/or Scope 2 emissions or improve the energy efficiency of an industrial process or processes;
• encourage technology demonstration, collaboration and knowledge sharing across industry and/or regions; and
• support upskilling of existing industrial workforce in new decarbonisation activities.

• Email: industrialtransformation@arena.gov.au