THE Advanced Manufacturing Growth Centre (AMGC) has announced funding towards a project that aims to establish the manufacture of hot-climate lithium-ion batteries for use both in Australia and South-East Asia.
Awarded to Australia’s first utility-scale lithium-ion battery producer Energy Renaissance, the grant sees a contribution of $246,625 each from AMGC and Energy Renaissance, which will accelerate research and development while helping to advance the country’s lithium-ion battery materials industry.
Energy Renaissance will work with the CSIRO in the research stage, and its partners Cadenza Innovation and Wuxi LEAD to help redesign components currently used by Energy Renaissance to for its battery energy storage systems.
The funding will also be used to design a streamlined production line that includes robotics and automated quality control for a more efficient manufacturing process.
Once its facilities are operational at full capacity, the company will be able to employ around 1300 workers while contributing an estimated $3 billion per year to the local GDP.
The factory will produce batteries for use in a wide variety of applications such as solar farms, defence assets, mine sites, utilities and commercial and industrial applications.
The batteries will also be used in automotive applications, on special-purpose craft such as electric mining and airport transport vehicles, and for battery cells used in EV charging networks.
It also claims that for every new employee hired, it would create up to five jobs in upstream industries such as mining.
Around 60 per cent of batteries built will be exported to markets in South-East Asia, while the rest will be used for Australian components.
Energy Renaissance will announce the location for its manufacturing facility in the second half of the year, and will leverage Australia’s abundant amounts of lithium, with 20 per cent of the world’s reserves and the lowest cost of…
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