$523.2 million investment to enhance Australia’s battery manufacturing capabilities, leverage natural resources, diversify global battery supply chains, and support the global transition to net zero.
Current status of program
Opening Soon
Specific dates will be announced on relevant government websites.
To register your interest, please contact us here.
On this page you will find
What is the Battery Breakthrough Initiative (BBI)?
The Battery Breakthrough Initiative (BBI) is part of the broader $22.7 billion Future Made in Australia package, which includes significant investments in clean energy, education, and employment security.
The BBI is also part of the Albanese Government’s National Battery Strategy which sets out how the country will build and sustain a thriving battery industry.
The National Battery Strategy identifies 4 strategic opportunities:
- build stationary energy storage to transition Australia’s grid and the region to renewable energy
- upgrade Australia’s battery minerals into active materials for the global electric vehicle industry
- produce batteries for heavy vehicles and equipment Australia excels in manufacturing
- ensure safe and secure operations for batteries with enabling technology.
The centrepiece of the strategy is the $523.2 million BBI that will provide production-linked incentives to Australian battery manufacturers. This initiative will boost economic resilience by building capability in high value areas of competitive advantage across the battery value chain.
Detailed guidelines and application processes will be made available on government websites.
BBI level of support
The BBI provides substantial financial support to projects focused on:
- Expanding battery manufacturing capabilities.
- Securing more value from Australia’s natural resources.
- Supporting the global transition to net zero through advanced battery technologies.
The initiative generally requires a co-funding arrangement where the applicant must demonstrate the ability to meet co-funding obligations. The specific level of support and co-contribution percentage may vary depending on the project and the applicant’s financial viability.
BBI important dates
- Program Announcement: 14 May 2024
- Specific dates will be announced on the relevant government websites.
- Register your interest with GrantHelper.
BBI objectives
The primary objectives of the BBI are:
- To grow Australia’s battery manufacturing sector.
- To diversify and secure global battery supply chains.
- To capitalize on Australia’s competitive advantages in natural resources.
- To support the transition to a net zero economy.
Projects eligible for BBI support
Projects that may qualify for support under the BBI include:
- Development of advanced battery manufacturing facilities.
- Research and innovation in battery technologies.
- Projects focused on the efficient utilisation of Australia’s critical minerals for battery production.
The BBI will incentivise the production of high-value battery products in Australia’s areas of advantage – such as stationary energy storage – to strengthen economic resilience and support critical battery manufacturing capabilities.
See the guidelines, when available, for full details of projects eligible for BBI support.
Expenditure eligible for BBI support
Eligible expenditure include:
- Costs associated with developing and manufacturing battery components.
- Expenses for innovative battery research and development projects.
- Costs related to training and skill development for the battery industry workforce.
See the guidelines, when available, for full details of expenditure eligible for BBI support.
Other BBI important details that you will need to know
Organisations eligible for BBI support
Eligible organisations include:
- A legal entity based in Australia with a current ABN.
- Australian manufacturers involved in battery production.
- Research institutions focusing on battery technology innovation.
- Companies engaged in the exploration and utilisation of critical minerals for battery manufacturing.
See the guidelines, when available, for full details of organisations eligible for BBI support.
BBI assessment criteria
Applications will be assessed based on:
- Alignment with the BBI objectives
- Potential to enhance Australia’s battery manufacturing capabilities
- Contribution to securing and diversifying global battery supply chains
- Innovation and sustainability of the proposed projects
- Demonstrate the ability and resources to complete the proposed project
- Provide proof of financial stability and the capability to fulfill co-funding obligations
How do I get the BBI?
Applicants must:
- Read and understand the guidelines.
- Ensure eligibility for the funding. Applicants that do not meet all the eligibility criteria will not be considered.
- Deliver the project as outlined in the application.
- Provide complete information requirements.
Information to prepare for the BBI application
Prepare the following:
- Detailed project plan outlining objectives and expected outcomes.
- Information on how the project will enhance battery manufacturing capabilities and support the net zero transition.
- Financial details and budget for the proposed project.
- Evidence of innovation and sustainability.
Detailed application processes and requirements will be outlined in the official guidelines once available. Businesses are encouraged to prepare in advance to ensure a timely and complete application submission.
Applying for the BBI
Register your interest with GrantHelper to explore your alignment with this grant and how we can assist you to increase your chances of success.
BBI resources
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