Energy Storage News•about 1 month ago
Australia’s PowerPlus Energy to triple battery module production capacity to 150MWh with ARENA funding
Key Takeaway
Increased domestic battery manufacturing in Australia, supported by government funding, offers developers and large consumers a more secure and potentially cost-effective supply of energy storage.
AI Summary
- •Australian battery manufacturer PowerPlus Energy will triple its module production capacity to 150 MWh, increasing domestic supply for developers and IPPs.
- •The expansion is supported by AU$2.3 million (US$1.65 million) in funding from the Australian Renewable Energy Agency (ARENA), highlighting government commitment to local energy storage manufacturing.
- •This increased local production could help mitigate supply chain risks and potentially stabilize battery costs for Australian developers and large power consumers seeking storage solutions.
Topics
financingoempolicystorage