Australia, Policy, Projects, Renewables, Storage

$14m to boost Aussie-made batteries

The Albanese Government has allocated $14 million to Powering Australia Limited to establish the Powering Australia Industry Growth Centre, in order to help Australian businesses manufacture renewable energy technologies locally.

The Powering Australia Industry Growth Centre program, spanning from 2023-2024 to 2026-2027, is a key component of the Australian Made Battery Plan aimed at boosting domestic battery manufacturing for job creation and economic prosperity.

The program will support local businesses in the development and adoption of renewable technologies, with a focus on batteries.

Objectives include facilitating connections between critical minerals producers and renewables manufacturers, fostering collaborations between government, research institutions, and industry, addressing battery regulatory barriers, and supporting First Nations businesses through a dedicated advisor.

According to the government, this initiative aligns with its broader support for the renewable technology industry, encompassing projects like Powering Australia, Rewiring the Nation, and a Future Made in Australia.

Minister for Industry and Science Ed Husic said the potential for batteries, renewables, and low-emissions technologies to create jobs and enhance Australia’s economic resilience in a statement.

“Batteries, renewables and other low-emissions technologies offer huge opportunities for Australian industry to create jobs and the sovereign capabilities critical to our economic success,” Husic said.

“This $14 million investment is targeted support to grow Aussie know-how in these emerging areas.

“It aligns with what we’re doing with our $15 billion National Reconstruction Fund, which has renewable and low-emissions technologies as one of its priority investment areas, once again demonstrating how government linking up policies can better support Australian industry.”

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