An Australian National University (ANU) Nobel Prize laureate has added to his list of accolades, as part of a team awarded one of the science world's most highly valued prizes.

Nobel winner Brian Schmidt is part of the High-Z Supernova Search - an international astronomy squad who study supernovae to map the expanding universe.

The High-Z astrophysics team has won the 2015 Breakthrough Prize in Fundamental Physics, for its research into the expansion of the universe.

$3 million in prize money will now be shared between the 50-scientist team.

“The Accelerating Universe was a huge thing to be a part of, and it is great for the team to receive this amazing public recognition,” Professor Schmidt said.

The Breakthrough Prize is awarded to cutting-edge research and scientists, aimed at generating excitement about science as a career choice.