Report reveals Australia’s potential in battery manufacturing
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A report from industry thinks tank Beyond Zero Emissions has featured Australia’s capacity to establish a battery manufacturing industry for the country’s vehicle battery markets.
The world will require 280,000 GWh of battery storage continuously in 2050. China delivers only 12,000 GWh a year, or 3/4 of the current global annual production. From this point of view, Australia’s greatest battery under development at Waratah has a 1.7 GWh capacity.
“The world demand for storage is so big that no one country can fill it. Australia provides half the world’s lithium, but we capture less than 4% of the battery value,” said BZE CEO Heidi Lee.
As per the BZE’s Battery Supply Chain report, an Australian battery manufacturing industry could make 44,000 positions and $57 billion in Gross domestic product in 2035.
The best places to establish battery manufacturing centre points incorporate modern regions like Tracker Valley, Latrobe Valley, Focal Queensland, and Kwinana in Western Australia.
President of Tomago, Brian Craighead-based long-length lithium battery manufacturer Energy Renaissance, said this venture will uphold the formation of another battery cell production line in Australia as opposed to purchasing the cells from nations like China.
“Australia’s rooftop solar and roll out of large-scale renewable energy has created the opportunity for storage to deliver low-cost energy to community and industry,” BZE CEO Lee said. “Making batteries here in Australia can also help secure our energy independence whilst delivering clean mining and manufacturing jobs,” said CEO and co-founder of Hunter-based Allegro Energy, Dr Thomas Nann.
