Battery technology firm Allegro Energy has been awarded $1.85 million from the Australian Government’s $400 million Industry Growth Program (IGP) to scale its Redox Flow Battery technology to mass production.
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Allegro Energy’s new category of battery electrolytes are suited to long storage, are non-flammable and made from abundant and easily recyclable materials.
Rapidly scaling manufacturing at its plant in New South Wales will enable Allegro to reduce unit cost and refine their battery energy storage systems.
Minister for Industry and Science Ed Husic said, “We’re backing these businesses to make the jump from start-up to fully-fledged enterprise, creating new jobs and new industries in the process.
“We’ve got world-leading know-how in agricultural and mining gear, low-emission technologies and batteries; the challenge is to get a better economic return on these national strengths.”
Allegro Energy CEO and co-founder Thomas Nann said, “Our long-duration energy storage solution is perfectly suited for large-scale storage of renewable energy to ensure that the lights don’t go out when the sun doesn’t shine and the wind doesn’t blow.
Related article: Australia needs better ways of storing renewable electricity for later. That’s where ‘flow batteries’ can help
“The IGP grant will allow us to accelerate our production capability in Australia, while further improving our product. We are very grateful for the government support.”
