Australia is charging ahead in the race to build a battery-powered world—and the timing couldn’t be better.
The nation’s growing role in the global battery supply chain took center stage at our recent webinar, Australia’s Time to Charge: Powering the Battery Future. The hour-long session, part of our Just Batteries initiative, explored how battery innovation, mass EV retrofitting, and smart policy could transform Australia into a clean energy powerhouse.
These industry experts led the discussion, held virtually on June 19, 2025:
- Kirk McDonald, Project Manager- Supercharge Australia, New Energy Nexus
- Andrew Chang, Chief Growth Officer, New Energy Nexus
- Kyle Van Berendonck, Founder, Veepower
- Derick Gyabeng, Program Lead – Supercharge Australia, EnergyLab
Why this conversation matters
The battery supply chain is the backbone of the energy transition, and Australia’s unique mix of critical minerals, renewable energy resources, supportive policies, and skilled workforce positions it to lead the way.
This is what we’re backing through Supercharge Australia, a collaboration between New Energy Nexus and EnergyLab. The program aims to support 150+ local startups, empowering them with mentorship, funding pathways, and global connections to expand Australia’s lithium battery value chain.
6 key insights from the webinar
1. Australia’s global opportunity is now
Australia is well-positioned to become a significant player in the battery-powered electrical transformation. Here’s why:
There are signals from state and federal governments that they want to move away from a fossil fuel-based export economy, such as:
- Signing an agreement with 40 other countries at COP28 to phase out offshore support for coal, oil, and gas projects;
- Passing the Future Made in Australia policy, which committed AU$22.7 billion over 10 years to build domestic capacity in green hydrogen, solar panel manufacturing, critical minerals processing, green metals, low‑carbon liquid fuels, and clean-energy manufacturing;
- Australia could be a leader in homegrown battery manufacturing, and critical minerals refining and processing; and,
- It’s building on a “globally competitive” battery export industry. Queensland alone is investing hundreds of millions into a sector that it believes will be worth US$1.3 billion by 2030, and can create up to 9,100 green jobs.
2. Mass EV retrofits could boost battery demand 20-fold
Retrofitting existing vehicles—especially commercial fleets—is a faster, cheaper, and lower-carbon way to scale EV adoption. Our second Supercharge Australia Innovation Challenge spotlighted 12 startups electrifying everything from mining trucks to boats.
The current projection of a 65GWh demand for stationary storage by 2030 could be massively higher with mass EV retrofits. Multiplying Australia’s vehicles by their estimated battery capacity, turning half of Australia’s vehicle fleet into EVs could multiply local battery demand 20-fold to over 1.3TWh, enough to justify domestic cell production and build a full onshore value chain (more here).
3. Startups like Veepower are leading the way
Kyle Van Berendonck, founder of Veepower and Retrofit Nation challenge winner, introduced Veepilot: a drop-in EV brain that lets large garages and re-manufacturers, through to individual garages, convert vehicles to electric with professional and supportable software — a key concern of retrofit solutions.
After a tour of California’s thriving clean energy ecosystem with New Energy Nexus, Veepower is now raising AU$500K from climate-focused investors to scale in Australia.
4. Smart policy can unlock big impact
The discussion emphasized the need for policies to support battery retrofits, including:
- Support the emerging startup practitioners with ambitious non-dilutive government grant funding
- Launch an AU$100–200M finance facility for training to upskill workers and kit production for vehicle upgrade
- Establish mass EV retrofit precincts, particularly in regional Australia
- Prioritize public fleet conversions to seed early demand
These interventions could support thousands of upskilled ICE workers (such as mechanics and automotive electricians) and create a more circular, cost-effective battery and transportation economy.
5. Startup support is critical
Through tailored workshops, mentorship, and investor-readiness training, the Supercharge Australia Incubator aims to help founders bridge key gaps in prototyping, lab access, and commercialization. As Kirk McDonald and EnergyLab project lead Derick Gyabeng said in the webinar, early-stage startups need consistent, generous support to grow from an idea to an investment-ready solution.
Moreover, Supercharge Australia is leading a push to bring learnings from California’s best practice startup testing program, CalTestBed, to Australia. As part of the CalSEED-CalTestBed pair offering US$1M in non-matching and non-dilutive support to founders, startups can receive vouchers up to US$300K in value to use at the University of California and National Labs testing facilities across the state.
CalTestBed has supported over 150 startups with $45M in vouchers, with over 40% being received by women and under-represented founders.
6. Australia’s Leadership Can Power the Region
The country’s battery innovation doesn’t stop at its borders. With Southeast Asia on the path to rapid electrification, Australia’s EV retrofitting industry can serve a region set to reach 770 million people by 2050.
Supporting Australia’s battery supply chain at this stage could play a huge role in the region’s clean energy transition.
Why ‘Just Batteries’
Batteries are the linchpin of the clean energy transition. But how we build this industry matters as much as how fast we scale it.
At New Energy Nexus, we believe battery innovation must be just, inclusive, and community-led. Today, the battery supply chain is dominated by a few countries and companies, with little accountability to communities, workers, or the environment. Battery recycling and reuse are underinvested solutions. And left unchecked, the race for minerals and manufacturing could replicate the injustices of the fossil fuel era.
This is what our Just Batteries initiative addresses. We have supported 116 startups across the battery value chain—from extraction to recycling—while shaping an innovation ecosystem rooted in equity, access, and sustainability.
Our work spans the full ecosystem, from startup accelerators and testbeds to international market access, because building a clean energy future means backing entrepreneurs at every stage.
Join us, invest in these startups, and let’s supercharge the transition in Australia and beyond. Check out how you can support this initiative and more here.