<
https://reneweconomy.com.au/australia-aims-for-home-made-cells-materials-and-packs-in-new-500m-battery-breakthrough-fund/>
"Federal Labor has launched its Battery Breakthrough Initiative, offering a
share in $500 million of funding to companies making and innovating battery
energy storage system components and strengthening the Australian battery
supply chain.
The Battery Breakthrough Initiative (BBI) is being led by the Australian
Renewable Energy Agency (Arena), working closely with the Department of
Industry, Science and Resources.
The major new funding push is central to the Albanese government’s National
Battery Strategy and a key plank of the Future Made in Australia plan alongside
the $1 billion Solar Sunshot scheme.
“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,” said federal minister for industry and innovation, Tim Ayers,
on Tuesday.
“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 to deliver a Future Made in Australia.”
Arena says the funding allocation will initially focus on projects dedicated to
the manufacture of battery materials, battery cells and battery pack assembly,
with funding provided through capital grants, production incentives or other
payments deemed appropriate."
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*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
