The Australian federal government’s 2024-2025 budget includes a major investment in clean energy manufacturing and an energy bill rebate for households.

The amount invested in energy storage soared globally during 2023, while battery manufacturing will require the biggest share of spending among clean energy technologies by 2030 to achieve net zero.

Australian Vanadium (AVL) and VSUN Energy have signed an agreement to work with the Future Batteries Industry Cooperative Research Centre (FBI CRC) on developing vanadium extraction and processing skills, particularly in Western Australia.

Using energy storage – and often renewables – could see mines, cement companies, data centres and other large industrial operations in emerging markets reduce their electricity costs drastically, the CEO of Greensmith has said.