A share of $500 million in capital grants and production incentives is available to Australian businesses in a bid to supercharge domestic battery manufacturing.
The Australian Renewable Energy Agency-led Battery Breakthrough Initiative provides targeted funding to help manufacturers produce high-value battery products and scale operations across the value chain.
By building more of the battery value chain in Australia, ARENA seeks to ensure those jobs are created in Australian workshops, factories and labs in local cities, suburbs, and regions.
As a cornerstone of the National Battery Strategy, the program will focus on key areas such as stationary energy storage and production of battery active materials using Australian energy and critical minerals.
Designed by ARENA in consultation with the Department of Industry, Science and Resources, the initiative has been shaped through stakeholder consultation to ensure it delivers maximum impact for industry.
This initiative is part of the federal government’s Future Made in Australia agenda.
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Images: ARENA
