Report:$16.9B potential for battery industry by 2030 - Energy...

Report:$16.9B potential for battery industry by 2030 - Energy Magazine

The reportbuilds on important findings released in FBICRC’s groundbreaking 2021Future Charge Report, which found that $7.4 billion of value and over34,000 jobs could be created by the battery industry. The increase in cleanenergy expenditure over the last 18 months has seen these figures double.

Accordingto the FBICRC, decisive action from Australian industry, government andresearch institutions, through the National Battery Strategy, will be essentialto capture this much larger opportunity in the context of greater internationalcompetition.

Thereport recommends six strategies to compete in the growing market:

• Alliances
  • Foreign nation support to grow our industries
• Attraction
  • Attract large anchor tenants to help build an Australian ecosystem. (e.g. BASF, POSCO, etc)
• Coordination
  • A comprehensive, coordinated, national approach
    • National Battery Strategy, Critical Minerals Strategy; Powering Australia Growth Centre; NRF and other support, policies to encourage minerals are upgraded in Australia
• Regional export partnerships
  • Sell cells and materials into attractive regional markets (e.g. US, Asia, India, Indonesia)
• Increasing Domestic Demand
  • Aggregate demand – Australian made batteries used in Australia
• Specialist Institutes
  • Bring industry and academia together to build homegrown industries through common use (prototyping) facilities

Every bit helps increased awareness