Powering the future: How we help businesses secure electrification funding
Switching from gas to electricity is a big move – but the right funding can make it easier. At Northmore Gordon, we identify funding opportunities, navigate the application process, and help businesses unlock financial support to fast-track their energy transition.
Ready to make the switch?
One of the key programs we recently assisted clients with was the Large Energy User (LEU) Electrification Support Program, a Victorian Government initiative designed to help large energy users reduce their reliance on fossil fuels by transitioning to electricity. The program funded feasibility studies to identify ways for businesses to cut emissions, lower energy costs, and increase energy efficiency through electrification.
The results speak for themselves:
- 40% of all successful facilities were Northmore Gordon clients
- Over $600,000 in funding was secured for our clients
- Sectors represented: Agriculture, Chemicals, Food & Beverage, Animal Processing, and Manufacturing
- Investigated technologies include hot water & steam heat pumps, electric & electrode boilers, thermal electric storage, and grid connection constraints, among others.
Funding programs are a vital support for businesses undertaking electrification projects, with additional grants available for:
- Solar installations to reduce reliance on fossil fuels
- Upgrading refrigeration, boilers, and hot water systems to energy-efficient alternatives
- Electrification of industrial processes to cut costs and emissions
- Battery storage solutions to enhance energy reliability
Beyond funding for feasibility studies, businesses that participated in the LEU Program can use the information gained from the studies as a foundation to undertake Victorian Energy Upgrades (VEUVictorian Energy Upgrades is a Victorian government energy efficiency program that gives every Victorian household and business the opportunity to receive rebates or discounts on energy saving products.) project-based activities and access additional VEU incentives, for eligible projects. These incentives provide further financial support for businesses investing in energy-efficient upgrades, maximising the return on electrification investments.
At Northmore Gordon, we’re not just about securing funding, we’re also experts in environmental certificates, including Victorian Energy Efficiency Certificates (VEECs), which offer additional savings on energy efficiency projects, and we have an experienced team who can help clients manage the implementation of projects through to completion.
Looking ahead, we’re working closely with clients to build on key learnings from the LEU Program and continue their electrification journey. New funding opportunities are always emerging, and we’re committed to helping businesses secure financial support for their next project. Click to view our grants here.
If you’re considering an electrification project, don’t miss out. Talk to Northmore Gordon today – we’ll help you find the right opportunities and maximise your chances of success.
To find out more contact p.woodward@northmoregordon.com
