Australian businesses can now apply for a share of $500 million in capital grants and production incentives to supercharge domestic battery manufacturing.
Delivered by the Australian Renewable Energy Agency (ARENA), the Battery Breakthrough Initiative will provide 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 here at home, we're ensuring those jobs are created in Australian workshops, factories and labs in our 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 Battery Breakthrough Initiative has been shaped through extensive stakeholder consultation to ensure it delivers maximum impact for industry.
This initiative is part of the Future Made in Australia agenda, supporting the growth of our national battery manufacturing industry bolstering supply chain resilience, and advancing emissions reduction.
