Not directly Novonix related but the big boys are committing to...

Not directly Novonix related but the big boys are committing to the industry and surely this is just the beginning...

Article from today's Age.

The world’s biggest fund manager, BlackRock, has selected Australia for the rollout of its largest investment in grid-scale batteries that will be crucial to driving the shift from coal to clean energy.BlackRock Real Assets, an arm of the $US10 trillion ($14 trillion) investment giant, will announce on Tuesday it intends to commit $1 billion for nine battery-storage projects spanning the nation’s east-coast electricity grid after agreeing to acquire Melbourne-based battery developer Akaysha Energy.The Hornsdale Power Reservation in South Australia, where tech firm Tesla has installed a huge battery.The commitment marks the American behemoth’s first investment in deploying battery storage projects in the Asia-Pacific region, and its most significant investment in batteries globally.“This is the largest investment BlackRock has made into battery storage by some margin,” BlackRock Asia-Pacific’s co-head of climate infrastructure, Charlie Reid, said.

There is more copy in the article but you get the gist.