Via the AFR:
British billionaire Sanjeev Gupta is accelerating plans to become Australia’s first large-scale manufacturer of lithium household storage batteries to take advantage of booming demand and to stop the country squandering another competitive advantage.
…”We missed it on iron ore and steel and Australia can’t afford to miss it,” he said. “We’re investigating it now”. Mr Gupta also revealed that GFG would likely be in production with a niche electric vehicle within three years in Australia, with an annual production run of about 30,000.
Earlier, Mr Gupta told the Australian Energy Storage conference in Adelaide that battery storage was a big “game-changer” for industry globally and Australia had enormous natural advantages with the high levels of sunshine, which made solar energy and storage batteries an important combination in bringing power prices down.
“Batteries will get cheaper and cheaper. This is what we are betting on.”
My God, how refreshing is that? Renewable power, endowment advantage, manufacturing all brought together in a vision.
Legislate against him immediately.
