ARENA opens consultation into AU$523 million Battery Breakthrough Initiative in Australia
- Admin
- Sep 16, 2024
- 1 min read
The Battery Breakthrough Initiative, launched by the Australian government and administered by ARENA, aims to enhance Australia's battery manufacturing capability. It seeks to improve supply chain resilience, creating opportunities for Australia's economy and workforce during the transition to renewable energy. ARENA is gathering feedback on the programme's design, which includes production-linked payments or capital grants for projects. The initiative aligns with the National Battery Strategy, focusing on becoming a globally competitive producer of batteries and battery materials by 2035. Darren Miller, CEO of ARENA, highlights the importance of energy storage technology in Australia's renewable energy future, emphasizing the need for storing renewable energy efficiently.
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