How is Future Grid funded and how is the $12.5m being spent?
Alice Springs Future Grid is led by the Intyalheme Centre for Future Energy, which is contributing around $3m to the project, from its original NTG funding. The project received approximately $2m in funding from ARENA as part of ARENA's Advancing Renewables Program. In addition, Alice Springs Future Grid is also funded by a $3m grant from the Australian Government Department of Industry, Science, Energy and Resources through the Regional and Remote Communities Reliability Fund – Microgrids Program.
The $12.5m stated as the project’s value does not entirely represent cash. In addition to the approximately $8m described above, the remaining project value comprises cash and in-kind contributions from Project Partners. The team is proud to have brought more than $5m of federal funding to Alice Springs.