In March 2024, the Federal Government unveiled plans to establish an indigenous lithium battery factory, aiming to reduce the nation’s dependency on foreign production and foster local manufacturing of vital energy storage components. [pdf]
With 1.4GW combined of energy storage and PV already active in the country. Not only this, but its geographical location also enables it to export energy to others such as Germany, which could make it a key market player. [pdf]
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