Battery component supply chain gains AUD 3.4 million funding in Australia
The Western Australia government is funding three businesses to support five projects that will advance the development and production of a range of battery technologies and components for residential, commercial, industrial, and defense applications.
The first-round allocation from the state government’s AUD 50 million ($35.8 million) local battery manufacturing program will enable the three successful applicants to develop and test prototypes, purchase advanced equipment and expand production capacity.
Applications include residential energy storage batteries, large community batteries, inverters, and locally manufactured battery components.
Western Australian Minister for Energy Amber-Jade Sanderson said the projects will support local battery manufacturing.
“We’re helping build resilient supply chains, creating highly skilled jobs, and supporting Australia’s transition to a cleaner energy future,” Sanderson said.
The funding recipients include Magellan Power, which designs and manufactures industrial-grade AC and DC uninterruptible power supply (UPS) systems, energy storage units, batteries and electric vehicle infrastructure.
Adarsh Investments is a locally owned and operated manufacturer, fabricator and importer of component parts, and ProtoLab Manufacturing produces electronics solutions.
Funding streams under the Western Australia Local Battery Manufacturing Program includes a production-ready stream, which provides up to AUD 100,000 in matched funding to businesses for projects in three categories of pre-production activities.
The production scale-up stream provides up to AUD 5 million in matched funding to existing battery manufacturers for projects that scale-up their operations, including through purchase of capital equipment, workforce training, costs associated with upgrading existing or new premises, and engaging business or manufacturing expertise.
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