Recharge Industries™ has engaged Accenture as its engineering provider to move forward on building gigafactories in Australia. At full capacity, the large-scale lithium-ion battery cell production facility in Geelong, Victoria, will generate up to 30 gigawatt hours (GWh) of storage capacity per year for electric vehicles and stationary energy storage markets. Construction will begin in the second half of 2023, with the goal of producing batteries equal to 2 GWh annually in the second half of 2024 and 6 GWh by 2026.

As operations expand to full capacity, the factory will employ an estimated 1,500 to 2,000 workers directly. Recharge Industries™ and Accenture are now moving the project into the detailed engineering phase, which will lay the foundation for the facility's construction. The two companies have signed a framework contract covering the following Accenture consulting and engineering capabilities: advisory on the facility layout, including utility planning and set-up of the production lines; assistance in procuring and shipping the required equipment; conduction of final tests of all line equipment; ongoing process and product engineering support to improve battery production.

Recharge Industries™ has already secured the production equipment for the first2 GWh production line with binding off-take contracts and securedfunding. The equipment is scheduled to arrive in Australia in late May 2023. The two companies will collaborate closely with Charge CCCV (C4V), a technology partner of Recharge Industries™, to support the ambitious timing.

C4V provides proven Intellectual Property (IP), a qualified supply chain, blueprints and technology concepts for battery manufacturing, which accelerate planning, engineering, and construction. Accenture will work closely with Recharge Industries™ to adapt C4V's IP to the conditions and requirements of the Geelong manufacturing plant.