National Battery Strategy

Country / jurisdiction: Australia · Year: 2024 · Status: In force · Level: National · Type: Voluntary

The National Battery Strategy outlines Australia's plan to develop a globally competitive battery industry by 2035, leveraging the country's natural advantages to strengthen economic resilience and support the transition to renewable energy.  Australia aims to move beyond mining to capture more value in the battery supply chain.

The strategy focuses on five key strategic priorities:

1. Manufacturing Capabilities

Aims to strengthen economic resilience through battery manufacturing

Supported by the AUD 523.2 million Battery Breakthrough production incentive

Focuses on high-value battery products aligned with Australia's advantages

Includes AUD 20.3 million for Building Future Battery Capabilities measure

2. Knowledge and Skills Development

Building workforce capabilities for battery manufacturing and deployment

Supporting research and innovation in battery technologies

Developing training programmes and skills initiatives

Creating secure, Australian-made jobs in the sector

3. Global Supply Chain Integration

Securing Australia's position in global battery supply chains

Developing international partnerships and trade relationships

Strengthening domestic manufacturing capabilities

Supporting supply chain diversification

4. Sustainability and Standards

Leading in environmental, social, and governance (ESG) standards

Developing circular economy initiatives for battery recycling

Establishing safety standards and best practices

Creating sustainable battery manufacturing processes

5. Government Coordination

Coordinating efforts across federal, state, and territory governments

Aligning policies and initiatives across jurisdictions

Supporting infrastructure development

Streamlining processes and reducing barriers

The strategy targets achieving 82% renewable energy by 2030 and positions Australia to meet the projected demand for 19 GW of energy storage capacity by 2030, growing to 43 GW by 2040.

Official source: https://www.industry.gov.au/sites/default/files/2024-05/national-battery-strategy.pdf