Wow that is huge!
Another $119.6m grant will be provided to Pure Battery Technologies and Poseidon Nickel as they build an integrated nickel, manganese, cobalt battery material refinery hub in Western Australia – another first of its kind in the country.
The $400m project will focus on the production of battery cathode active materials (pCAM) – a vital precursor product for advanced electric vehicle battery materials.
The Prime Minister will also announce $49m for a vanadium battery project in Western Australia, which could be used for charging infrastructure for electric cars, residential energy storage, agriculture and mining.
Australian Vanadium’s $367m venture involves processing high-grade vanadium from its Meekatharra mine before it is transformed into energy-storing batteries.
The fourth grant is for $45m to go towards a $330m project to meet increasing demand for lithium-ion batteries and LED lights.
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