The Australian government has announced a $117.5 million (AUD $176 million) funding injection which it expects will unleash over $2 billion of investment in advanced battery technology, delivering a step change in grid-forming capability.
After it deployed a record $1.3 billion into the clean energy sector in a 12-month period, the Clean Energy Finance Corporation said it will sharpen its focus on energy storage and other technologies to support the stability of the national grid.
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