Australian renewable energy company, Zero Emissions Developments (ZED), has developed the technology to build longer-lasting, greener, more efficient and more affordable solar and electric vehicle (EV) batteries.

The company is now seeking $30 million in private investment to build a manufacturing plant that will produce PowerCap batteries in South-East Queensland, through the entity, PowerCap Un Ltd.

Unlike Lithium-ion batteries which are made entirely from mined components, PowerCap batteries utilise recycled waste converted to graphitic carbon to create its anodes. The company will use the waste garnered from its own recycling plant in Bowen, QLD to create the graphene-like substance, making it a major recycler too. At the end of its life, the PowerCap battery is 100% recyclable – the same cannot be said for traditional Lithium-ion batteries.

This Australian developed, designed and – in the near future – manufactured new technology, is exactly the kind of energy breakthrough that the Australian Government is counting on to meet its pledge of zero emissions by 2050.

Launching Australia’s Long Term Emissions Reduction Plan in October last year, Prime Minister Scott Morrison and Energy Minister Angus Taylor said that: “Australia is a world leader in renewable energy, and cheap, clean electricity is integral to lowering emissions in the electricity sector and other industries in Australia.”