2024-25 Budget allocation: Support for Australian Renewable Energy Agency to accelerate renewable energy uptake and energy decarbonisation

In the 2024–25 Budget, the Australian Government committed $7.1 billion for budgeted programs to be administered by ARENA including:

$1.9 billion boost to ARENA’s baseline funding
$2 billion for round two of the Hydrogen Headstart program
$1.7 billion for the Future Made in Australia Innovation Fund
$1 billion previously announced for the Solar Sunshot program
$500 million for the Battery Breakthrough Initiative

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