- Cook Labor Government awards $3.3 million to Vytas Limited through Round 2 of the Investment Attraction Fund (IAF) New Energies Industries Funding Stream
- Vytas will use the funds to help develop a nanoporous silicon pilot plant, the first-of-its-kind process for the production of nanoporous silicon battery material
- Grant highlights Cook Labor Government's commitment to Made in WA initiative, advanced manufacturing, and diversifying the State's economy
The Cook Labor Government has committed $3.3 million to a Henderson-based business for a new pilot plan under its Investment Attraction Fund (IAF) New Energies Industries Funding Stream Round 2.
Vytas Limited secured a $3.3 million grant to support construction of its nanoporous silicon pilot plant, which will become the first-of-its-kind low-carbon, industrially scalable process for producing nanoporous silicon.
The project will use a low-carbon metallothermic reduction (MTR) process to produce a nanoporous silicon material used in advanced battery technologies including lithium-ion and solid-state batteries.
The IAF is a key part of the Cook Labor Government's plan to diversify the State's economy as well as securing major job-creating projects to provide stability for emerging industries into the future.
Since launching in 2022, the IAF has supported 47 projects and awarded more than $211 million in funding. For more information, visit Investment Attraction Fund
As stated by State Development and Economic Diversification Minister David Michael:
"I congratulate Vytas in securing this funding through the Investment Attraction Fund and wish the company every success with its new first-of-a-kind pilot plant.
"The Investment Attraction Fund has committed more than $211 million in funding since it first launched and has been supporting the growth of emerging industries, creating local jobs and further diversifying WA's economy.
"More local jobs means a stronger local economy, and as we continue to build a cleaner more affordable energy future, the benefits will be felt by us all."
