Tag: Battery

Battery industry rejects Productivity Commission advice

Posted on   |  by Brandon How
Australian battery industry stakeholders have rejected the Productivity Commission’s doubts on the effectiveness of industry support, with one innovation expert describing it’s claims as “tiresomely predictable”. Released on Thursday,...

Productivity Commission doubts battery industry competitiveness

Posted on   |  by Brandon How
Australia is unlikely to have a comparative advantage in exporting locally made batteries according to the Productivity Commission’s latest report, as it warns against adopting the “old-school protectionism” growing...

Australia’s biggest battery build raises $500m

Posted on   |  by Brandon How
Australia’s largest battery storage development in New South Wales has secured a $500 million investment following a capital raise led by the world’s biggest funds manager, BlackRock. The capital...

Recharge Industries shifts focus to UK gigafactory

Posted on   |  by Brandon How
Geelong-based Recharge Industries is recommitting its staff to the development of its British factory, while planning approval for its proposed Australian development remains unsubmitted. The firm currently employs 160...

WA Budget delivers $2.8bn battery and renewables package

Posted on   |  by Brandon How
A $2.8 billion package for energy storage, wind power generation, and transmission network upgrades along Western Australia’s main electricity grid is contained in the state’s 2023-24 Budget. The funding...

EV strategy drops, fuel standards to arrive later this year

Posted on   |  by Brandon How
Australia’s first National Electric Vehicle Strategy will introduce fuel efficiency standards and promises new recycling initiative for electric vehicles and other large batteries, but offers no new support initiatives...

Huge renewable storage leap needed to make net-zero: CSIRO

Posted on   |  by Joseph Brookes
Renewable energy storage will need significant investment if Australia is to meet its net-zero emissions target, according to the CSIRO, which has predicted a potential 14-fold increase in required...

Batteries now worth $17bn to the economy by 2030: FBICRC

Posted on   |  by Brandon How
The Future Battery Industries Cooperative Research Centre has more than doubled its 2030 forecast for the value of a diversified battery industry to the Australian economy to $16.9 billion,...