The BBI targets key areas, including stationary energy storage and the production of battery active materials using Australia’s energy and critical mineral resources. It supports the manufacture of cathode materials, anode materials, electrolytes, battery cells, components, and battery pack assembly. The initiative aligns with the National Battery Strategy, part of the AUD 22.7 billion Future Made in Australia policy, which emphasizes opportunities in stationary storage, mineral processing, battery research, and transport sector applications.
Federal Industry Minister Tim Ayres stated: “Batteries are a critical component of the global move to reduce carbon emissions and there is a huge opportunity for Australia to be part of this global demand. Australia’s got the raw materials, a strong research sector and a range of companies deeply engaged on the role of batteries in the clean energy transition, and that’s why I’m so excited to back these home-grown ideas and businesses.”
ARENA Chief Executive Officer Darren Miller said: “BBI will enhance Australia’s battery manufacturing capability, improve supply chain resilience and battery manufacturing processes, and foster innovation.” The program will identify opportunities to develop skills and capabilities, enabling Australian businesses to scale operations across the battery value chain.
Funding will be provided through capital grants, production incentives, or other appropriate payments, remaining available until fully allocated. The initiative encourages innovation in battery production, leveraging Australia’s abundant raw materials and research expertise to meet growing global demand for sustainable energy solutions.
By supporting projects that enhance supply chain resilience and manufacturing processes, the BBI aims to establish Australia as a leader in the battery industry. The program fosters collaboration between businesses and research institutions, driving advancements in battery technology for both stationary and transport applications. This effort supports Australia’s broader commitment to reducing carbon emissions and transitioning to a clean energy future.
The BBI represents a significant step in building a robust domestic battery sector, capitalizing on Australia’s resources and expertise to meet global market needs while advancing sustainable energy goals.
