Australia’s first national battery strategy released
The Federal Government has released the country’s first national battery strategy, supporting a Future Made in Australia and boosting Australia’s resilience and security.
The global demand for batteries is set to quadruple by 2030 as the world transitions to net zero.
The strategy identified 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 world-leading knowledge to build safer and more secure batteries connected to the grid
- Building batteries for the transport manufacturing industry, including heavy vehicle manufacturing
Funding for the strategy was included in the 2024 – 2025 budget with $523.2m for the battery breakthrough initiative and $20.3m for building future battery capabilities.
Prime Minister Anthony Albanese commented on the strategy.
“We want to make more things here and with global demand for batteries set to quadruple by 2030, Australia must be a player in this field,” he said.
“Batteries are a critical ingredient in Australia’s clean energy mix.
“Together with renewable energy, green hydrogen and critical minerals, we will meet Australia’s emission reduction targets and create a strong clean energy manufacturing industry.”
The strategy is designed to harness Australia’s experience in battery technology, lean into the natural advantage with critical minerals and support a Future Made in Australia.
It shows how Australia can help diversify global battery supply chains by working collaboratively with key trading partners. It also outlines a joined-up approach for industry and Government to work together to supercharge battery manufacturing and help make Australia a renewable energy superpower.
Furthermore, the strategy builds on the existing Government initiatives to help Australian businesses grow and compete, including the Industry Growth Program, Solar Sunshot, the Critical Minerals Facility and the National Reconstruction Fund.
