The Australian Renewable Energy Agency (ARENA) has announced the commencement of the first funding round for the $400 million Industrial Transformation Stream (ITS) under the Powering the Regions Fund. Round 1 will allocate $150 million primarily for regional decarbonisation of industrial process heat and off-road transportation, with the aim of supporting emissions reduction at existing industrial facilities in regional Australia. Applications close December 2024 or when funds exhausted..