renewables climate future industries tasmania

What renewables climate future industries tasmania does

ReCFIT (Renewables, Climate and Future Industries Tasmania) is a Tasmanian Government statutory body that coordinates the state's renewable energy, climate change response, and future industries development strategy. Operating under the Energy Co-ordination and Planning Act 1995 and headquartered in Hobart, ReCFIT serves as the central coordination entity for the Tasmanian Government's clean energy and decarbonisation agenda. Its primary constituents are the Tasmanian Government, portfolio agencies including Hydro Tasmania, TasNetworks, TasPorts, TasWater, and Tasmanian Irrigation, private sector partners, and Tasmanian communities and businesses.

ReCFIT administers several major policy frameworks and grant programs, including the legislated Tasmanian Renewable Energy Target (200% renewable energy by 2040), the Net Zero 2030 emissions reduction goal, the Climate Change Action Plan 2023-25 ($10 million), and the Renewable Energy Services Hub (RESH, $5 million). It has been instrumental in developing the Bell Bay Green Hydrogen Hub, securing $70 million in federal funding and an additional $11.9 million in state funding, alongside commitments under the $50 million Tasmanian Hydrogen Industry Fund. The organisation partners with a broad ecosystem including ABEL Energy, Countrywide Hydrogen, the Bell Bay Advanced Manufacturing Zone (BBAMZ), the Bureau of Economic and Climate Change Research (BECRC), Metro Tasmania, the Australian Renewable Energy Agency (ARENA), the Australian Energy Market Operator (AEMO), and the German state of Bremen.

ReCFIT's business model is government-funded rather than commercially revenue-generating. It operates on Tasmanian Government appropriations and grants channelled through state and federal budget processes, with funding deployed through competitive grant rounds (e.g., Climate Change Business Innovation Grants, $550,000), co-investment mechanisms, and direct program administration. There is no commercial product or service pricing model; rather, ReCFIT functions as a policy coordination body that allocates public funds, designs regulatory frameworks (including Renewable Energy Zone legislation), and convenes public-private partnerships to advance Tasmania's clean energy and decarbonisation objectives.

Name

renewables climate future industries tasmania

Legal name

Renewables, Climate and Future Industries Tasmania

Website

https://recfit.tas.gov.au

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

ReCFIT (Renewables, Climate and Future Industries Tasmania) is a Tasmanian Government statutory body that coordinates the state's renewable energy, climate change, and future industries strategy, headquartered in Hobart under the Energy Co-ordination and Planning Act 1995.

Ownership category

akta.pro rank

Product category

Government Energy Policy Coordination

akta.pro industry

PRIMARYBPADALAF

Forestry, Land Use & REDD+ Programs

Business & Public Services/International Organizations & Development/Climate, Environment & Sustainable Development Programs

Keywords

• Government energy policy
• Renewable energy coordination
• Climate change programs
• Green hydrogen development
• Future industries grants

Headquarters

HQ city

Hobart

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. Government funding and appropriations: ReCFIT is funded through Tasmanian Government budget appropriations and Australian Government grant funding. It does not generate commercial revenue. It provides programs, grants, and financial assistance to support Tasmanian businesses and communities.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

ReCFIT is a Tasmanian Government statutory body that coordinates renewable energy development, climate change action, and future industries (particularly green hydrogen) through policy advice, strategic initiatives, and grant funding programs delivered across Tasmania. Its fundamental activity is whole-of-government policy coordination backed by direct funding programs to industry and community stakeholders.

Product overview

ReCFIT (Renewables, Climate and Future Industries Tasmania) operates as a Tasmanian Government coordination body, not a traditional product company. Its primary 'product' is the ReCFIT website portal serving as an information hub for Tasmania's energy and climate initiatives. The portfolio includes policy frameworks (Tasmanian Renewable Energy Action Plan, Climate Change Action Plan), major infrastructure initiatives (Tasmanian Green Hydrogen Hub, Renewable Energy Zones), and information tools (Renewable Energy Projects Map). These offerings work together to coordinate renewable energy development, climate action, and future industries development across Tasmania.

Differentiator

Problem solved

Functional benefit

Products and services

• Tasmanian Renewable Energy Action Plan State-wide policy framework that sets out Tasmania's renewable energy transition priorities and actions, coordinated by ReCFIT for the Tasmanian Government.
• Climate Change Action Plan 2023-25 Two-year government action plan outlining Tasmania's climate change response priorities and programs for 2023 to 2025.
• Tasmanian Green Hydrogen Hub Coordinated initiative supporting the development of a green hydrogen industry in Tasmania, including production, infrastructure, and offtake pathways.
• Bioenergy Vision Tasmania Strategic vision document outlining the development of the bioenergy sector in Tasmania.
• Renewable Energy Zones (REZ) Designated geographic zones in Tasmania identified for renewable energy development and investment, coordinated through ReCFIT.
• Renewable Energy Projects Tasmania Map Interactive information tool that maps renewable energy projects across Tasmania for public and stakeholder reference.
• Tasmanian Renewable Hydrogen Industry Development Fund Grant program administered by ReCFIT supporting the development of the renewable hydrogen industry in Tasmania.
• Climate Change Business Innovation Grants Grant funding program supporting Tasmanian businesses to innovate in climate change response.
• Urban Greening Grants Grant program supporting urban greening initiatives in Tasmanian communities.
• ChargeSmart Grants Grant program supporting electric vehicle charging infrastructure deployment in Tasmania.

Quantifiable outcome

• Tasmania achieved 100% renewable energy self-sufficiency in November 2020, with installed capacity to generate 10,719 GWh per year from hydro (9,000 GWh) and wind (1,719 GWh), exceeding baseline consumption of 10,500 GWh.
• +5 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Twelve partnerships are on record, tiered core, supporting and flagship.

• Hydro Tasmania (State-owned energy business)coreStrategic or Co-development PartnerReCFIT collaborates with Hydro Tasmania on planning and delivery of large renewable energy projects. Hydro Tasmania is the anchor provider of Tasmania's hydroelectric generation (~9,000 GWh/year) and approved firming capacity.
• Tasmanian IrrigationcoreStrategic or Co-development PartnerConsortium partner in the Tasmanian Green Hydrogen Hub, responsible for delivering the proposed Tamar Water Scheme (150 km pipeline, three pumping stations) to supply up to 9,000 ML per annum of water to Bell Bay for hydrogen production.
• TasWatersupportingStrategic or Co-development PartnerConsortium partner in the Tasmanian Green Hydrogen Hub, providing water infrastructure and services as part of the multi-user enabling infrastructure at Bell Bay.
• TasNetworkscoreStrategic or Co-development PartnerConsortium partner responsible for electricity network and transmission upgrades (including George Town Substation upgrades) to support an additional 300 MW load from hydrogen projects at Bell Bay. Undertaking a Regulatory Investment Test for Transmission (RIT-T).
• TasPortscoreStrategic or Co-development PartnerConsortium partner operating the Port of Bell Bay (a 70-hectare deep-water port with available capacity), providing port facilities for the Tasmanian Green Hydrogen Hub including the proposed Bass Strait Renewable Energy Terminal.
• Bell Bay Advanced Manufacturing Zone (BBAMZ)coreStrategic or Co-development PartnerThe BBAMZ industrial precinct is the designated location for Tasmania's Green Hydrogen Hub. The zone offers industrial land availability, proximity to renewable energy resources, deep-water port access, and an established advanced manufacturing ecosystem.
• Bell Bay Powerfuels (ABP) / ABEL EnergyflagshipStrategic or Co-development PartnerFollowing an Expression of Interest process, ABEL Energy's Bell Bay Powerfuels project was selected as Provisional Proponent to deliver a green methanol project at Bell Bay. The project will use a 300 MW water electrolysis facility integrated with a biomass gasifier to manufacture green methanol from 100% renewable sources.
• Countrywide HydrogenflagshipStrategic or Co-development PartnerCountrywide Hydrogen was selected as the successful applicant of the Green Hydrogen Price Reduction Scheme. Under its Hydrogen HyWays program, it is developing domestic green hydrogen production and refuelling facilities at Bell Bay, Brighton, and Wesley Vale, forming Tasmania's first north-south hydrogen refuelling corridor.
• Blue Economy Cooperative Research Centre (BECRC)coreStrategic or Co-development PartnerThe Tasmanian Government partnered with the Blue Economy CRC, a joint Australian and Tasmanian Government initiative headquartered in Launceston. BECRC is producing Tasmania's first renewable hydrogen at its Lutana facility, powering the hydrogen bus trial. It aims to unlock significant private investment in offshore energy and blue-economy projects.
• Metro TasmaniaflagshipStrategic or Co-development PartnerReCFIT partnered with Metro Tasmania to trial three zero-emission hydrogen fuel cell electric buses on Hobart's public transport network. The trial is powered by renewable hydrogen supplied by the Blue Economy CRC at Lutana, with a fast hydrogen refueller installed at the Mornington depot.
• Bremen, GermanysupportingStrategic or Co-development PartnerTasmania and Bremen, Germany, signed a Joint Declaration of Intent on green hydrogen cooperation, establishing an international partnership for knowledge exchange, trade pathways, and collaboration on hydrogen technology and industry development.
• Australian Energy Market Operator (AEMO)supportingStrategic or Co-development PartnerIn 2022, AEMO identified three candidate Renewable Energy Zones and one Offshore Wind Zone in Tasmania. AEMO's 2023 Inputs Assumptions and Scenarios Report outlines the rationale for these zones, and AEMO assesses capacity factors for wind in Tasmania ranging from 37% to 51%.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• SA Department for Energy and Mining: South Australian state government department overseeing energy and mining. Directly comparable to ReCFIT as a peer state agency with renewable energy policy and hydrogen industry development mandates (SA is a major Australian hydrogen hub competitor to Tasmania).
• Western Australia Department of Energy, Mines, Industry Regulation and Safety: Western Australian state government department overseeing energy, mines, and industry regulation. Comparable to ReCFIT as a peer state-level agency managing renewable energy policy and major hydrogen industry development (WA is a major hydrogen hub competitor to Tasmania in the Australian market).
• Australian Renewable Energy Agency (ARENA): Australian Government statutory body that funds renewable energy projects and innovation. Comparable to ReCFIT as a public agency dedicated to renewable energy development, and ARENA is already a ReCFIT partner (co-funded $240K ABBA biomass project).
• Clean Energy Finance Corporation (CEFC): Australian Government green bank investing in clean energy. Comparable to ReCFIT through its mandate to drive investment in renewable energy, energy efficiency, and emissions reduction projects; both are statutory bodies operating in the clean energy policy space.
• Department of Energy, Environment and Climate Action (Victoria): Victorian state government department overseeing energy, environment, and climate action policy. Directly comparable to ReCFIT as a peer Australian state agency managing renewable energy, climate change, and emissions reduction programs with similar policy and program delivery mandates.
• NSW Department of Climate Change, Energy, the Environment and Water: New South Wales state government department responsible for climate change, energy, environment, and water policy. Directly comparable to ReCFIT as a peer state-level agency coordinating climate action, renewable energy policy, and emissions reduction across an Australian state jurisdiction.
• ACT Government Climate Change and Energy: Australian Capital Territory government directorate responsible for climate change and energy policy. Comparable to ReCFIT as a peer Australian state/territory-level agency coordinating renewable energy transition and climate action (ACT was the first Australian jurisdiction to achieve 100% renewable electricity, similar to Tasmania).
• Queensland Department of Energy and Climate: Queensland state government department responsible for energy and climate policy. Comparable to ReCFIT as an Australian state-level agency coordinating renewable energy, climate programs, and emissions reduction strategies across its jurisdiction.

Others

• Climate Council of Australia: Australian independent climate communications and advocacy organization. Adjacent to ReCFIT through shared focus on climate change action and renewable energy, though it operates as a non-profit advocacy body rather than a government statutory body, making it thematically related rather than directly comparable.

Broad incumbents

• Department of Climate Change, Energy, the Environment and Water (DCCEEW): Australian Government federal department responsible for climate change, energy, environment, and water policy. A broader incumbent peer to ReCFIT, providing federal-level coordination of climate and renewable energy policy that ReCFIT engages with through national forums and the National Hydrogen Strategy.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/renewables-climate-future-industries-tasmania

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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M&A

Investments

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