Australia Battery News

Recent industry report about Australia Battery company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Australia Battery Market industry experts.

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Australia Battery News

  • June 2023: Engie, Eku Energy, and Fluence commissioned the Hazelwood big battery, Australia's first large-scale battery project, at the former coal site of a power station in the state of Victoria. The 150 MW battery claims several Australian firsts in its design and operation.
  • January 2023: The United States-Australian company Recharge Industries planned to build a large battery cell factory in Australia and appointed Accenture as an engineering services provider to take the project forward. When fully operational, the lithium-ion battery cell factory is expected to offer an annual capacity of up to 30 GWh.
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  • December 2023: Tata Power, a leading Indian power company, recently made headlines by announcing a strategic partnership between its subsidiary, Tata Power EV Charging Solutions, and the state-owned India Oil Corporation Ltd (IOCL). The agreement entails the installation of over 500 fast and ultra-fast electric vehicle (EV) charging points throughout India.
  • October 2023: The investment of USD 91 million by the Ontario government to expand electric vehicle charging stations in small and medium-sized communities is a significant step toward promoting the adoption of electric vehicles and reducing greenhouse gas emissions.
  • May 2023: Stations-e, a French company based in Boussy-Saint-Antoine, specializes in the deployment of electric vehicle charging stations. Stations-e announced it would invest USD 256 million in deploying 10,000 charging stations in France.
  • February 2024: CORE SWX launched the new V-mount and Gold-mount NANO X Micro Batteries worldwide, including in India. These batteries feature a first-of-its-kind NexCore casing compound crafted from robust polycarbonate.
  • February 2024: LionVolt, a Dutch startup, started developing 3D solid-state batteries made up of a thin film containing billions of solid pillars, creating a patented 3D architecture with a large surface area. The company also raised EUR 15 million (USD 16 million) to scale up the production of these batteries.
  • January 2024: Battery start-up BTRY raised CHF 900,000 in pre-seed financing to develop safe, long-lasting thin-film solid-state batteries that can be charged and discharged in one minute. The company has developed thin-film cells, which are only a few micrometers thick, into more powerful batteries. It has also developed a process that uses high-precision vacuum coating and no toxic solvents.
  • June 2023: Tata Group signed an outline deal for building a lithium-ion cell factory with an investment of about USD 1.58 billion. The EV battery plant will help the nation create its electric vehicle supply chain rather than rely on imports. The plant will be located in Gujarat and have an initial manufacturing capacity of 20 gigawatt hours (GWh). Similarly, state-owned companies such as BHEL are establishing a lithium-ion battery production facility near Bangalore, Karnataka.
  • May 2023: Pan Asia Metals signed a non-binding memorandum of understanding (MoU) with VinES Energy Solutions to explore a standalone lithium conversion project in Vietnam. Under the terms of the agreement, Pan Asia and VinES will collaborate to assess the viability of a standalone lithium conversion facility near VinES' Vietnamese battery plant. The study will consider an initial capacity of 20,000 to 25,000 tonnes of lithium carbonate or hydroxide per year.
  • October 2023: Ola Electric announced the establishment of a lithium-ion cell manufacturing unit, touted to be the first in India, with a fundraising of about USD 385 million. Ola Electric has noted its plans to set up the unit at Krishnagiri, Tamil Nadu.
  • June 2023: Tata Group signed an outline deal for building a lithium-ion cell factory with an investment of about USD 1.58 billion. The EV battery plant will help the nation create its electric vehicle supply chain rather than rely on imports. The plant will be located in Gujarat and likely have an initial manufacturing capacity of 20 Gigawatt hours (GWh).
  • In December 2022, ACE Green Recycling (ACE) and Glencore plc (GLEN) decided to sign a long-term supply agreement for the recycled key and lead battery metal-based end products from recycled lithium-ion batteries. This strategic partnership helps establish a circular supply chain for these high-demand materials on a global scale while minimizing their environmental footprint..
  • In February 2022, HOPPECKE Batterien GmbH & Co. KG commenced its production of the HOPPECKE grid | Xtreme VR pure lead battery in Poland. The plant would cater for the demand for lead acid batteries in Europe. With this plant, the company focuses on producing lead acid batteries used in the data centre and telecom industry.
  • June 2023: Engie, Eku Energy, and Fluence commissioned the Hazelwood big battery, Australia's first large-scale battery project, at the former coal site of a power station in the state of Victoria. The 150 MW battery claims several Australian firsts in its design and operation.
  • January 2023: The United States-Australian company Recharge Industries planned to build a large battery cell factory in Australia and appointed Accenture as an engineering services provider to take the project forward. When fully operational, the lithium-ion battery cell factory is expected to offer an annual capacity of up to 30 GWh.
  • September 2023, in accordance with Prime Minister Narendra Modi's ambitious initiative 'Mission LiFE' (Lifestyle for Environment), the Technology Development Board (TDB) revealed its partnership with Aloe Ecell Pvt Ltd, an innovative startup based in Lucknow, Uttar Pradesh.
  • November 2022: Researchers at MIT have invented new ways to improve the energy density of non-rechargeable or primary batteries. This invention is expected to enable up to a 50% increase in extending lifetime or a corresponding decrease in size and weight for a given power or energy capacity. The new materials work at human body temperature, making them suitable for medical implants.
  • March 2022: FDK Corporation announced the consolidation of domestic production plants to strengthen its production system for high-capacity cylindrical-type primary lithium battery production plants into a single location. FDK will terminate production at Washizu Plant and consolidate the production plant at Tottori Plant. The production facilities operations were expected to restart at the Tottori Plant by the end of 2022 after the relocation.
  • June 2023: Lyten Inc., a United States-based battery manufacturer, announced the commissioning of its lithium-sulfur battery pilot line in Silicon Valley. The lithium-sulfur pilot line is expected to start delivering commercial battery cells by the end of 2023 to early adopting customers within the defense, logistics, automotive, and satellite sectors.
  • May 2023: the Australian battery technology company Li-S Energy announced the development of 20-layer battery cells utilizing third-generation semi-solid-state lithium-sulfur battery technology. Compared to current lithium-ion (Li-ion) cells, this performance is nearly double the gravimetric energy density and a comparable volumetric energy density.
  • July 2023: Enevate and JR Energy Solution from Korea joined forces to establish a battery cell electrode factory in the United States. Together, they will customize lithium-ion battery cell electrodes, encompassing both anodes and cathodes, and offer electrode solutions to various customers. The companies are currently assessing potential locations in the US. Their objective is to achieve an annual paired electrode capacity of up to 6 GWh (6 GWh anode + 6 GWh cathode) through different stages of construction.
  • February 2023: Kautex Textron GmbH & Co. KG announced it had received the first order from an automotive OEM for a thermoplastic composite underbody battery protection skid plate. The skid plate is part of the company's new Pentatonic battery system product line supporting battery electric vehicle production.

Australia Batteries Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)