From last night's Federal BudgetClean energy and...

From last night's Federal Budget

Clean energy and batteries:
Renewables and clean energy technology were a major part of the federal government’s ‘future made’ announcement. The federal government has pledged $1.4 billion over 11 years from 2023–24 to support manufacturing of clean energy technologies such as solar and batteries.

The Australian government will invest more than $500 million to establish the Battery Breakthrough Initiative to grow Australia’s battery manufacturing capabilities. This investment aims for Aussies to get more value from our natural resources, diversify global battery supply chains and support the global transition to net zero.

It also will invest, $835.6 million over ten years from 2024–25 for the Solar Sunshot program, created by the Australian Renewable Energy Agency to promote the development of solar manufacturing capabilities, and improve the industry’s supply chain resilience through production incentives and other forms of support.

There will also be a $20.3 million investment over five years from 2023–24 for the Powering Australia Industry Growth Centre and the Future Battery Industries Cooperative Research Centre to enhance industry and research collaboration, including workforce training forbattery research, manufacturing, transport and recyclingAlso, the Australian Made Battery Manufacturing Precinct will get $5.6 million in 2024–25 to drive battery manufacturing in Australia.