LAVO’s hydrogen batteries are leading the renewable energy transition

The company is unlocking the full potential of renewables with support from the Research and Development Tax Incentive.

LAVO is a company making hydrogen batteries to support a renewable energy future.

Working with researchers from the University of New South Wales, LAVO has been developing its hydrogen energy storage technology for over a decade.

Long-term renewable energy storage is important for the times the sun isn’t shining and the wind isn’t blowing.

LAVO’s long-term batteries can support a more secure energy system and help Australia meet our net zero emission targets. Products like LAVO’s batteries benefit the environment while also having a positive impact for the Australian economy.

The Research and Development Tax Incentive (R&DTI) gave LAVO the financial support it needed to reduce the risk of researching new ideas that may not have been viable without the incentive.

The R&DTI is the Australian Government’s main way of promoting industry investment in research and development (R&D).

The incentive aims to support innovation that creates economic and social benefits for all Australians by:

  • encouraging industry to conduct R&D that may not otherwise happen
  • offering a greater incentive for smaller firms to do R&D
  • helping companies access reliable research services.

Any Australian company can benefit from the R&DTI, with its program covering all industry sectors and business sizes.

R&D benefits the broader economy through ideas, skills and knowledge transfer. R&D plays an important role in Australia’s technological progress and economic growth.

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