Funding For Technology

There may be financial assistance available to your company if you are looking to install new technology that will make your operations more energy efficient.

We recommend you talk to the Best Practice Programme Coordinator in the first instance for advice on applying.


Funding programmes available:

  • Electricity Commission Compressed Air Systems Efficiency Programme Fully-funded audits of compressed air systems, for compressors larger than 150kW. This will soon be extended to cover compressors over 75kW in capacity.
  • Electricity Commission Motor Bounty Scheme
    The Motor Bounty Scheme is an incentive scheme to encourage motor users to upgrade the efficiency of their electric motors. The Scheme aims to permanently remove older inefficient motors by paying motor users up to $7,400 towards the cost of replacing those motors with newer, more efficient ones.The scheme is for three phase motors with capacities of 22kW to 265kW.
  • EECA Facility Design Audit Funding
    Funding for an energy design audit at the early stages of a building project. This fund will contribute towards the cost of having an energy efficiency expert work with a company when designing a new plant. Plastics manufacturers have used this funding with great success. More information about design audits for plastic plants here.
  • EECA Technology Grants
    EECA offers cash grants to help businesses adopt energy saving technologies. You can apply for up to 40% of the capital cost of an energy efficiency project, to a maximum of $100,000.

Some examples of plastics manufacturers that have successfully been awarded Technology Grants to adopt a new or under-utilised technology are:

Viscount Plastics 40% grant for costs of an energy efficient cooling water system upgrade which saved $38,000 per year
 
Axiam Plastics 40% grant for vacuum resin dryer system
Tru-Test, Tru Design,  Monaghan and Talbot Plastics Grants towards costs of all-electric injection moulding machines
Plastics New Zealand 40% grant towards barrel and screw insulation for a trial at 3 plastics sites

 

Case studies of these demonstration projects can be found at http://www.eecabusiness.govt.nz/eib/case-studies/index.htm . (Note that EECA are unlikely to fund projects that copy these already successful demonstration projects).