Some may be interested to read the National Battery Strategy released yesterday.
National Battery Strategy | Department of Industry Science and Resources
relevant extract from the summary of strategy actions:To support the success of the National Battery Strategy, the government has:
I've seen so many of therse inititives over the decades deliver very little, let's hope this one delivers something useful given the huge amount of money
- $7 billion in support for Australian critical minerals processing over the decade to 2033–34 through the new Critical Minerals Production Tax Incentive, to support downstream processing for all 31 critical minerals, many forming important battery materials.
- $1.7 billion over seven years from 2024–25 for the Future Made in Australia Innovation Fund. This will support innovation, commercialisation, pilot and demonstration projects and early-stage development in priority sectors – including clean energy technology manufacturing such as batteries.
- $5.8 million for a critical minerals trade enhancement initiative to help address strategic behaviour in critical minerals markets.
- Established the $15 billion NRF, including investing up to $3 billion in renewables and low emission technologies, such as batteries. This will support Australian industries to decarbonise, while also providing opportunities to meet the increasing demand in global supply chains.
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