ADO 4.55% 2.1¢ anteotech ltd

A few km into the marathon., page-85

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    Anyone seen this Australian Battery Gigafactory plan before ? Ed Husic and other pollies like Anteotech's significant performance increases and substantial cost savings.

    “Australia has all the minerals in the world you need for batteries, and right now, it’s like selling water in a drought,” he said. “To put it into perspective we could open one gigafactory a month for six years and not meet the current undersupply of batteries. We’re always hopeful of support from federal or state government for expansion capital.”

    An Australian entrepreneur plans to unleash Anthony Albanese’s dream of making Australia a battery manufacturing powerhouse by building multiple gigafactories nationwide as new cathedrals to the clean energy age.
    Brian Craighead’s brand of environmental and industrial evangelism has already attracted former prime minister Scott Morrison and current industry and science minister Ed Husic to visit his brainchild: the nation’s first lithium-ion battery manufacturing gigafactory in Tomago, NSW.
    But such batteries will not meet the demands of high performance applications that rely on silicon chips manufactured mainly in Taiwan. Nor are they suitable for electric vehicles.

    Energy Renaissance One in Tomago, NSW, is described as Australia’s first gigafactory for battery production.
    The 57-year-old founder of eight-year-old start-up Energy Renaissance said the finished Renaissance One gigafactory will employ 700 people at full capacity on a 4500 square metre site, which could scale to produce 5.3 gigawatt hours of energy storage per year.
    “Australia has all the minerals in the world you need for batteries, and right now, it’s like selling water in a drought,” he said. “To put it into perspective we could open one gigafactory a month for six years and not meet the current undersupply of batteries. We’re always hopeful of support from federal or state government for expansion capital.”
 
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