The investment
Energy Renaissance is scaling up with the help of an Impact Investing Australia Growth Grant. This grant has allowed the company to advance manufacturing, create jobs and contribute to the economic regeneration of regional Australia through the production of Australian made batteries using a local supply chain.
The impact
Energy Renaissance is developing energy efficiency technologies such as battery storage which will unlock significant economic benefits through manufacturing, jobs creation, exports and operational efficiencies for businesses together with the advantages of providing reliable energy for remote communities.
While Australia is not typically seen as the go-to location for manufacturing, Energy Renaissance found ways utilising advanced manufacturing techniques to offset the difference in labour costs between Australian skilled workers and that of Australia’s neighbours.
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