The Energy Storage Report 2024

Now available to download, covering deployments, technology, policy and finance in the energy storage market

Australia opens public consultation on National Battery Strategy


Australia wants to leverage its position as a mining and minerals hub to capture opportunities in the battery industry, and is seeking input on a National Battery Strategy.

The government Department of Industry, Sciences and Resources opened a public consultation last week (3 February).

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

It invited responses to a position paper on the strategy, which outlines how important batteries will be for the global and Australian economies, and how domestic industries and society can benefit. The consultation is open for a month, until 3 March 2023.

The National Battery Strategy will outline how Australian governments and industry can help build scale and competitiveness in the sector. The position paper takes as its starting point Australia’s rich natural resources for key materials used in lithium-ion batteries as well as newer technologies like sodium-ion and vanadium.

The strategy will try and figure out what sort of vision is achievable, the timelines they could be achieved by, and what roles various stakeholders should play to help the country’s industry go vertically up the value chain from mining raw minerals and refining to active materials and cell manufacturing, to battery pack assembly.   

It is one of three key pillars of federal government policy on batteries, together with the establishment of a domestic battery manufacturing precinct and creating what the government called a “Powering Australia Industry Growth Centre,” which would encourage investment and creation of local jobs, building on the back of an already booming renewables industry.    

According to government figures, Australia is expected to export AU$16 billion (US$11.1 billion) worth of lithium during 2022-2023, albeit on the back of some volatile and high pricing over the period. Even so, the paper states that the value of batteries, driven by the need for firm capacity for renewable energy, will likely rise tenfold in the coming decade.

Australia has a good opportunity to contribute to global battery supply chains, enabling customers to diversify their sources of materials or components, while the country has a strong research sector in relevant areas, based in part on its history of mining.  

The paper details out further dynamics in the battery value chain, such as comparisons of actions taken by other governments around the world to incentivise battery businesses, and a look at the various Australian state’s commitments and advantages.

One recent notable example of state-level action is Queensland’s own call for input on a battery industry strategy, also open until March. The state has about 30% of the world’s vanadium resources and vanadium redox flow batteries were highlighted as a technology in which it could hold a competitive advantage.

Australia’s Commonwealth government was elected last year on a platform that included support for renewable energy deployment and industries. The Labor Party administration, led by prime minister Anthony Albanese has recognised stationary energy storage as a key technology, or set of technologies, for delivering on those promises.

The Department of Industry, Science and Resources issues paper on the National Battery Strategy can be viewed here.’ publisher Solar Media will host the 1st Energy Storage Summit Asia, 11-12 July 2023 in Singapore. The event will help give clarity on this nascent, yet quickly growing market, bringing together a community of credible independent generators, policymakers, banks, funds, off-takers and technology providers. For more information, go to the website.

7 August 2024
12pm (AEST)
Join and energy storage market experts at GridBeyond for a discussion on the evolving landscape for energy storage in Australia’s National Electricity Market, and the challenges faced in optimising the value of battery assets in an evolving market.

Read Next

July 23, 2024
Energy generator retailer Alinta Energy has received approval to construct its 300MW battery energy storage system (BESS) at Wagerup, Western Australia.
July 19, 2024
Peak Energy, a startup claiming to be the ‘first American venture to advance globally proven sodium-ion battery systems,’ has raised US$55 million in a Series A funding round.
July 17, 2024
US-headquartered developer Pacific Green Technologies has received planning consent from the South Australian government to develop grid-scale battery energy storage systems on the Limestone Coast of South Australia.
July 17, 2024 Premium speaks to one of the chief architects of the Capacity Investment Scheme (CIS), aimed at breaking down barriers to investment and deployment in Australia’s renewable energy and storage sectors.
July 17, 2024
Sun Cable has obtained its principal environmental approval from the Northern Territory government and NT Environment Protection Authority for its Australia-Asia PowerLink (AAPowerLink) interconnector.

Most Popular

Email Newsletter