Australia Invests $4 Million in Next-Gen Battery Technology
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Minister Ed Husic highlighted the broader benefits of this technology.
“We’re investing in home-grown technology that has the potential to drive down the cost of batteries and make them more efficient. If the project is successful, it would help extend the range of electric cars and reduce the costs and size of home batteries,” he said.
Meanwhile, Minister for Industry and Science Ed Husic highlighted the economic benefits of this project.
Innovation in storage technologies is going to help us achieve this, and AnteoTech’s technology could create batteries higher in density, while utilising cheap abundant materials that could bring costs down.”
“We’re hopeful this technology has the potential to be quickly integrated in existing manufacturing processes so that the benefits can be accessed by customers in a timely manner,” Mr Miller added.
“With the global demand for batteries set to grow sixfold by 2030, Australia must be a player in this field,” he said.
“We’ve got a once-in-a-lifetime opportunity for Australia to scale-up battery manufacture in Australia and take advantage of the global transition to net zero,” Mr Husic added.
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