About Paraguay battery breakthrough initiative
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4 FAQs about [Paraguay battery breakthrough initiative]
What is the battery breakthrough initiative?
Announced in the 2024-25 Federal Budget in May, the Battery Breakthrough Initiative aims to fund projects that enhance the development of Australiaโs battery manufacturing capability to improve supply chain resilience and provide opportunities for Australiaโs economy and workforce in the renewable energy transition.
When will Arena launch the battery breakthrough initiative?
Consultation is now open, with submissions due by 10am, Monday 7 October 2024. ARENA is aiming to launch the Program by late 2024 or early 2025. ARENA will deliver the Battery Breakthrough Initiative, which is aligned with the Economic Resilience and Security stream of the Future Made in Australia (FMA) policy agenda.
Are batteries a key enabler of Australia's emissions reduction goals?
ARENA CEO Darren Miller said batteries are a crucial enabler of Australiaโs emissions reduction goals. โEnergy storage technology is absolutely critical for our renewable energy future. We know that solar and wind energy can provide us the lowest cost renewable energy at scale, but we also need to be able to store it for when it is needed.
What is Australia's first battery strategy?
Australiaโs first battery strategy includes attempting to ride the wave of global appetite for battery demand. The strategy, which identified four opportunities to help Australia take advantage of the growing global demand for batteries that is set to quadruple by 2030, maps a path for prosperity in the global net zero transition.





































