First Funding Round Opens for Industrial Decarbonisation Investment Program

The first RFP for the Government Investment in Decarbonising Industry (GIDI) Fund is now live. This RFP is the first milestone in the massive $650 million expansion of GIDI, administered by EECA (the Energy Efficiency and Conservation Authority), to be invested over four years.

The expanded GIDI investment was included in the recently announced Climate Emergency Response Fund (CERF) which will help deliver the Government�s Emissions Reduction Plan (ERP). The GIDI Fund was launched in 2020, originally, to accelerate the decarbonisation of industrial process heat � and is a partnership between Government and businesses.

The focus of this RFP is to request proposals which will assist medium to large energy users to lower their emissions linked to industrial process heat by supporting fuel switching and energy efficiency projects to a renewable energy supply, or other decarbonisation approaches.

Providing co-investment through the GIDI Fund helps to get projects across the line, and happening faster, unlocking larger and earlier emissions savings. Switching to renewable energy, coupled with energy efficiency, also helps future-proof businesses. Note that EECA will be holding an applicant briefing session at 11am on Monday 20 June 2022.

To view the RFP documents, register for the applicant briefing session and make your application, please go to: https://www.eeca.govt.nz/apply-for-gidi-co-funding