Tag: Battery

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Australia’s biggest battery build raises $500m

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,...

PM throws support behind local battery manufacturing

Posted on   |  by Brandon How
Prime Minister Anthony Albanese has stressed the need for Australia to move along the critical minerals value chain to compete in global export markets, continuing the government’s commitment to...

Qld battery industry a $1.3bn opportunity by 2030

Posted on   |  by Brandon How
Queensland’s battery industry could be worth $1.3 billion to the state’s economy in less than a decade, according to a new discussion paper commissioned to inform Queensland’s first Battery...

Dan Andrews commits $43m to battery storage in Vic

Posted on   |  by Brandon How
Victorian Premier Daniel Andrews has pledged $43 million to support the roll out of 100 new community batteries if the Labor Party is successful at the state election on...

EV sales up almost 22 per cent in 2022

Posted on   |  by Brandon How
Electric vehicles now make up just over 3 per cent of all new car sales in the country, with the Australian Capital Territory continuing to lead the way by...