$532 million committed to National Battery Strategy, but no plan...

$532 million committed to National Battery Strategy, but no plan yet on how to reclaim supply chain

By political reporter Melissa Clarke
Posted Thu 23 May 2024 at 4:38

Albo National energy pump with no guts and no plan , Anteo management are better off getting on with signing a battery deal in Europe than getting any assistance here, any government assistance that takes a share of your business is not in the interest of shareholders especially if its a deal like our broker mate negotiated .

Has anyone called Panasonic yet David ? we can do a hell of a lot better than 20% extra energy retention for $45 million USD for assistance by Sila , how about offering Panasonic 40% extra energy retention and $500 USD saving per EV for $20 million ?


More than half a billion dollars of federal government funds have been set aside to encourage production of batteries in Australia, but exactly how the scheme will work has not yet been figured out.
A new National Battery Strategy has been released, aiming to make the country a globally competitive battery maker for domestic use and as an export opportunity.
It is part of the government's Future Made in Australia policy, which aims to grasp the economic opportunities of the global transition to net zero emissions, as well as ensuring China does not control the supply chain.
The centrepiece of the strategy is $532 million in financial incentives for the production of batteries. Announced in the budget earlier this month, the funding would be spread over seven years and administered by the Australian Renewable Energy Agency (ARENA).
But the scheme, dubbed "Battery Breakthrough", has not yet been formulated, despite funding due to commence in the coming financial year.
"The government will work closely with industry and other stakeholders to design, develop and deliver the Battery Breakthrough," the strategy reads.