Dept of Industry, Science and Resources
Joint media release with the Prime Minister the Hon Anthony Albanese MP.
The Albanese Government has today released the nation’s first ³Ô¹ÏÍøÕ¾ Battery Strategy, supporting a Future Made in Australia and shoring up our economic resilience and security.
The global demand for batteries is set to quadruple by 2030 as the world transitions to net zero, and our Strategy maps a path for Australia to take advantage of this growth to build a thriving battery industry.
It identifies four high-value strategic opportunities:
- Stationary storage – building Energy Storage Systems to firm renewable power generation in the national grid and for communities, businesses and homes.
- Provide battery active materials to the world by upgrading raw minerals into processed battery components to strengthen battery supply chains.
- Leveraging our world-leading know-how to build safer and more secure batteries connected to the grid.
- Building batteries for our transport manufacturing industry, including heavy vehicle manufacturing.
Funding for the Strategy was included in last week’s Budget:
- $523.2 million for the Battery Breakthrough Initiative, administered by ARENA, to promote the development of battery manufacturing capabilities through production incentives targeted at the highest value opportunities in the supply chain.
- $20.3 million for Building Future Battery Capabilities to incentivise cutting edge battery research, including support for:
- Future Battery Industries Cooperative Research Centre to map Australian battery capability and value chains, drive battery innovation and scale-up and deliver best practice guidelines and standards for the battery industry.
- Powering Australia Industry Growth Centre to develop workforce skills and training.
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