The government of Western Australia is looking to boost the regions capacity to supply the rapidly growing battery storage industry sector in addition to pursuing its objectives in export and natural gas development. The regional administration is aiming to provide support to projects that are working towards boosting the supply international battery cell producers, most of whom are situated in Japan, China, Korea, and Taiwan.
The McGowan government is strongly continuing to bolster the Western Australian Future Battery Industry Strategy first-stage funding initiative. The government announced the creation of a new online Funding Assistance Register, which will provide additional impetus towards the objective of developing a sustainable, world-leading, battery industry by 2025.
This funding register which is developed by the Department of Jobs, Tourism, and Innovation, provides an essential avenue for future participants in the battery industry, including manufacturers and innovators, to easily attain assistance and commonwealth funding to meet the requirements of the project.
A statement by the government said: “Include mining and processing companies, research groups, renewable energy companies, and small to medium enterprises that are involved in the battery value chain.”
Focus on Lithium ion Battery Producers
Numerous parties in Western Australia‘s sector for resources are aiming to meet the supply needs of the rapidly growing battery production sector. Lithium ion battery producers are expected to gain a larger share in terms of raw materials and minerals. The Future Battery Industry Strategy of the region is hoped to aid in such efforts.
Bill Johnston, the Mines and Petroleum Minister stated: “The Future Battery Industry Strategy is helping to develop Western Australia as a globally recognized, leading producer and exporter of future battery materials, technologies and expertise.”
Western Australia’s mining industry is very powerful and well equipped in the region. It is currently the Australian state with minimal concern for the size of its carbon footprint. On the other hand, to ensure a smoother transition from non-renewable resources from the mines of Western Australia, to extraction and processing minerals required for the energy storage, and renewable energy sectors, these developments could be a key shift.