A total of nine joint university-industry collaboration projects are to receive a share of a A$54m ($39.6m) investment with an initial A$17m cornerstone investment from the Australian Renewable Energy Agency.

The collaboration projects focus on research into renewable energy technologies that have potential commercial applications.

Universities involved in the projects include Australian National University, Curtin University of Technology, Western Australia University, Wollongong University, Adelaide University, South Australia University and Queensland University of Technology.

Australian National University is leading three projects.

Australian Renewable Energy Agency is an Australian government agency that aims to improve the competitiveness of renewable energy technologies and increase the supply of renewable energy in the country.

The government’s investment will be used to leverage contributions from the public and private sectors.

Ivor Frischknecht, chief executive of the Australian Renewable Energy Agency, said: “A range of renewable energy technologies are represented, including storage, biofuels, wave power, solar PV and solar thermal.”