A Renaissance in Energy: Tackling the Lithium-Ion Battery Storage Shortage in Australia
20 June 2023
In the current energy landscape, Australia is grappling with a significant battery storage shortage crisis, severely affecting installers, integrators, and users. Headlines scream – “Australia faces battery shortage as demand for electric vehicles soars” (The Australian, June 13, 2023), and “Australia’s battery industry in ‘crisis’ as demand for EVs outstrips supply” (The Guardian Australia, June 15, 2023). With a surge in demand for electric vehicles (EVs) and the government’s ambitious target of 100% EVs by 2030, battery shortages and insufficient local support are jeopardising our energy transition.
Surprisingly, despite being the world’s leading producer of lithium – a critical battery component, Australia lacks major battery manufacturing plants. Consequently, we are dependent on imports, making us susceptible to supply disruptions and price instability. The A$200 million government investment in 2022 to stimulate the local battery industry was a step in the right direction but is inadequate to fully counter the crisis. A sustained commitment and increased funding for research and development are indispensable.
This crisis presents an urgent need and an opportunity for an innovative solution.
Enter Energy Renaissance, an Australian manufacturer poised to tackle this issue head-on. We offer locally-made, ruggedised lithium-ion batteries that help solve the shortage issue here and globally and assure shorter lead times and local support, facilitating businesses to quickly meet their commercial power needs.
Renaissance superStorage™ batteries’ high energy density and long lifespan make them ideal for diverse applications, including grid-scale and behind-the-meter storage. With the global energy storage market projected to grow from $12.4 billion in 2021 to $21.5 billion in 2025, this is an opportunity that cannot be ignored.
Our production capacity is limited and filling up fast. We urge potential partners to act swiftly before our production limits are exhausted. Together, we can ensure a robust supply chain, contribute to Australia’s energy independence, and make the nation a major player in the global battery industry.
It’s time for a renaissance in energy – talk to us at Energy Renaissance. Schedule a one-on-one consultation with Prateek Chourdia today!
Prateek is a renewable energy executive that brings a decade of experience from across the energy value chain and is passionate about helping customers solving problems.