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Australia’s energy transition hinges on a single figure: up to 95% variable renewable energy (VRE) penetration in the National Energy Market by 2030, according to CSIRO and AEMO modeling. Reaching that threshold, necessary for the country to hit its 43% emissions-reduction target by 2030 and net zero by 2050, requires storage technologies that can deliver reliable, multi-hour power far beyond the capabilities of lithium-ion systems.

Global EV adoption is accelerating faster than most recycling systems can keep up. Waste from end-of-life batteries, just 500,000 tons in 2019, is projected by researchers to reach eight million tons by 2040, underscoring a widening gap between electrification targets and the infrastructure required to support them.