Breaking: Energy Renaissance to build new gigafactory in Australia
Potential to sate domestic demand, export half of production expected
Australian battery producer Energy Renaissance announced this week that it will build an A$28 million ($20.04m) gigafactory in Tomago, according to a company release.
Dubbed Renaissance One, the facility will be completed sometime in 2021, said managing director Mark Chilcote.
Initial battery capacity will begin at 66MWh/year, eventually scaling to 5.4GWh/y. Total investment cost will likely be over A$200 million.
About half of the factory’s production will be exported, Energy Renaissance noted.
“Once Renaissance One is operating at capacity, it will be able to provide – in the space of a year – enough batteries to power every public school, hospital, fire station, SES unit and new homes built in Australia,” said patron senator for the Hunter Region Hollie Hughes. “That’s reassuring because Australia will be able to rely on its own source of renewable energy in the very near future.”
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