New South Wales (NSW)-based battery manufacturer Allegro Energy has received a $2.1 million (USD 1.3 million) grant from the state’s government to create a sustainable, water-based battery prototype, using its proprietary microemulsion electrolyte (ME) technology, recognised as a critical energy breakthrough.
Located in the Hunter region, 250 kilometres north of Sydney, the company will create its prototype made primarily from locally manufactured components and aim for a capacity to store energy for more than 10 hours.
Allegro joins Rux Energy, Number 8 bio, and PlasmaLeap Technologies as the four grant recipients of the $7 million NSW Environmental Trust’s (NSW ETs) Clean Technology Research and Development Grant program.
Allegro Energy Chief Executive Officer and Co-founder Thomas Nann said on LinkedIn, the company is grateful for the grant, which will enable it to rapidly develop battery manufacturing locally to help deliver a clean energy future for Australia and the rest of the world.
“Being located in the Hunter region is a bonus for us because the skills we need are all available in our local community, which is currently grappling with a transition from its traditional industries,” Nann said.
The grant of $2,128,196 is one of four grants totalling $7 million from the NSW Environmental Trust’s Clean Technology Research and Development Grant Program, with three other recipients being Rux Energy, Number 8 bio, and PlasmaLeap Technologies.
The NSW ET’s Clean Technology Research and Development Grant program supports early stage research and development of innovative technologies, services or processes to help decarbonise NSW industries.
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