Technology implementation grants
New technology can help businesses become more energy efficient, boosting profitability and competitiveness. But finding capital to invest in new technology isn't always easy, especially if they are new technologies not yet proven in New Zealand.
EECA helps businesses make this capital investment by providing funding for energy-saving technology projects.
To date, EECA has helped more than 70 businesses invest in technology or research, identifying potential energy savings worth more than $3m every year.
Who is eligible?
Your business may be eligible for a technology implementation grant for part of the cost of the audit if it:
- Spends more than $250,000 per year on energy
Businesses must also:
- Be prepared to make key information publicly available - including project details, energy performance and payback period
- Have the capability to deliver the project
- Fund 67% of the capital cost
- Allow third-party monitoring and evaluation
- Disclose any other funding assistance.
About the grant
The grant must be for energy efficiency or renewable energy projects.
The maximum amount of the grant is 33% of the cost of implementing the project, to a maximum of $50,000 per site.
Priority will be given to businesses that:
- Are in a priority sector
- Have completed an energy management assessment (scoping study, energy audit or fleet audit) or
- Have worked with an EECA account manager to complete an assessment within the last 24 months.
To qualify, projects need to meet one or more requirements listed below.
Projects must:
- Have been identified in an energy audit or equivalent
- Be able to be replicated across other business
- Be cost-effective
- Is competitively priced e.g. get two quotes if possible
- Have a payback of 2-5 years - businesses are usually expected to pay for short term payback projects themselves
- Have guaranteed savings (where applicable)
- Be able to promote combustion tuning or process heat efficiency
- Improve business productivity and profitability
- Reduce energy use and greenhouse gas emissions
- Involve new or under-utilised technology
How to apply
Download and complete the following forms:
Send both forms to:
Business Grants Administrator
EECA
PO Box 388
Wellington
Or email to: business@eeca.govt.nz
Grants will be awarded through monthly allocation rounds, closing on the 20th day of each month, and will be allocated through a ranking process.
Successful applications for funding will need to satisfy both eligibility and priority requirements.
In situations where the funding rounds are oversubscribed, funding will be allocated to those projects that are deemed priorities.
More information
- Read some technology success stories from other businesses
- Most of the issues that impact on a project's success are in the early stages - the planning and design. Read more about how you can implement successful energy projects.
- We work alongside industry associations and professionals to deliver targeted energy advice for specific sectors' need.
