Battery Breakthrough Initiative

About

The Battery Breakthrough Initiative is a significant funding program announced by the Australian government, offering AUD 500 million to enhance local battery manufacturing capabilities, support the commercialization of battery technologies, and contribute to carbon reduction goals, making it an excellent opportunity for startups and companies in the battery and clean energy sectors to scale their projects and innovate.

Benefits

• Capital grant funding, production incentives, and other related financial support
• Support for local battery manufacturers to scale up capacity and technology development
• Assistance in project commercialization, contributing to carbon emission reduction
• Strengthening Australia's competitiveness and supply chain security in the global battery market

Eligibility Criteria

• Projects aimed at enhancing Australia's battery manufacturing capabilities
• Commercialization of battery manufacturing processes and technologies
• Open, merit-based application mechanism
• Proposals over AUD 50 million require ministerial approval, lower amounts managed by ARENA
• Applicants must contact ARENA to discuss proposals (recommended to email batterybreakthrough@arena.gov.au)