By: Peter Trousdale On: November 07, 2022 In: Comments: 0

The CEFC has invested $5 million in 3ME Technology, an Australian heavy vehicle battery manufacturer designing and producing energy-dense, lithium-ion battery systems to power mining electric vehicles and equipment. The CEFC investment in the Newcastle-based company is part of a $20 million capital raise by 3ME, which also attracted $15 million from the Australian Business Growth Fund.

The investment in 3ME Technology will enable miners to replace diesel engines with cutting-edge battery electric systems, reducing their emissions and supporting safer, more efficient mine operations. 3ME Technology’s innovative Bladevolt battery technology allows remote performance monitoring and control of battery pack cells, and is modular and powerful enough to transform a 20-tonne loader into a fully electric-powered vehicle.

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