Australia’s lithium, vanadium battery value chain gets share of AU$243m government funding
Energy Storage
Australia’s Prime Minister Scott Morrison has announced financial support for four technology sector manufacturing projects in the country, including a vanadium processing plant.
Morrison said during a speech at an industry event in Western Australia that AU$243.6 million (US$177.47 million) in funding will support efforts to establish a homegrown value chain for critical minerals, batteries and electric vehicles.
It is part of his government’s Modern Manufacturing Initiative, a drive to put a total of AU$1.3 billion investment into the economy.