Battery hopeful Energy Renaissance announced on 13 October it will build its 66MWh lithium-ion manufacturing plant in New South Wales, Australia.
The Australian battery manufacturer announced it will build its AUS$28 million ($20 million) Renaissance One battery manufacturing facility in Tomago.
The 4,000 square meter purpose-built facility plant is scheduled for completion in 2021.
It will have an initial battery production capacity of 66MWh a year, with plans to scale its Australian operation to 5.3GWh with an additional investment of more than $200 million.
It’s expected that more than half of the batteries produced at Renaissance One will be exported through the Port of Newcastle.
In August, the Federal Government provided a co-funded grant of AUS $246,625 ($175,000) through the Advanced Manufacturing Growth Centre to Energy Renaissance.
The Federal Government’s Technology Investment Roadmap has singled out the potential for Australia to be a world leader in the investment for renewable energy. Batteries produced by companies such as Energy Renaissance will make electricity clean and more affordable in Australia.
There are plans in process to build an 18 GWh lithium-ion battery factory in Townsville, northern Queensland, by Imperium3 consortium (iM3TSV), which consists of Magnis Energy, C4V LLC New York and Boston Energy and Innovation.
In August, the consortium moved to the next stage of its plans to build a AUS$3 billion ($2 billion) lithium-ion gigafactory after receiving the go-ahead from the state’s government.