A Brisbane company has received a $4 million grant to commercialise its new battery technology and boost Australia’s manufacturing capability.
AnteoTech, which operates out of the south-eastern suburb of Eight Mile Plains, boasts proprietary silicon anode technology which reduces battery storage costs and enables longer driving ranges for electrics vehicles.
AnteoTech CEO David Radford said the funding, from the Australian Renewable Energy Agency (ARENA), would accelerate and develop their product portfolio.
“We are excited by the opportunities that are ahead of us and look forward to contributing to Australia’s growing battery landscape by delivering battery solutions that will support our net zero energy transition.” Mr Radford said.
He said technical work on the program was expected to commence in November, with design and construction of the Brisbane site in early 2025, with the whole ARENA project due for completion in late 2027.
ARENA CEO Darren Miller said the project represented an investment in homegrown battery technology with the potential to change energy storage on a global scale.
“As we push towards our net zero ambitions, we need to ensure we have enough energy storage so that we can use renewable energy when we need it at any time of the day, whether that be for industry, homes or the growing switch to electric vehicles,” Mr Miller said.
“Innovation in storage technologies is going to help us achieve this, and AnteoTech’s technology could create batteries higher in density, while utilising cheap abundant materials that could bring costs down.
“We’re hopeful this technology has the potential to be quickly integrated in existing manufacturing processes so that the benefits can be accessed by customers in a timely manner,” Mr Miller said.