State rolls out $570m plan to supercharge battery sector

The Queensland Government has unveiled a $570 million, five-year action plan to power up the state's battery technology and manufacturing sector. Premier Steven Miles said the Queensland Battery Industry Strategy established Queensland as a global leader in the flow batteries needed to store renewable energy and advanced battery technologies. Queensland’s battery industry could contribute up to $1.3 billion to economy and generate 9,100 clean economy jobs by 2030, he said. Related: State boost for home-grown battery technology "In 2023 I released the Queensland New-Industry Development Strategy, which identifies the battery industry as a priority sector which will shape our economic future," he said. "We have already made great progress in building out our battery industry supply chain, with substantial investment in battery projects right across the state including the Queensland Energy Storage and Technology Hub facility at Banyo, Alpha HPA in Gladstone and Vecco in Townsville."Our 75 per cent emissions reduction target by 2035 provides the investment certainty to build a battery industry here in Queensland to not just supply Australia but the world. "Building a Queensland battery industry creates jobs here in the South East, in mining critical minerals in the North West, in minerals processing in Townsville and new clean economy jobs across our regions including Cairns, Gladstone and Maryborough.” Related: Deal charges up North’s vanadium battery future New and existing industry support is allocated across three key themes: $275 million to support industry to innovate and commercialise battery technologies, including $105 million in state funding to plan and establish the Australian Battery Industrialisation Centre in partnership with the Federal Government $92.2 million to drive battery investment and supply chain growth, including an $80 million industry grant program $202.5 million to promote and position Queensland as the preferred supplier of advanced materials and batteries to domestic and international markets, including $5m to establish Batteries Queensland, a central point of contact for industry to connect with relevant government agencies and access support Advanced Materials and Battery Council director Lynette Molyneaux said Queensland was home to world-leading researchers in metallurgy, materials science and nanotechnology, and battery-tech entrepreneurs seeking to commercialise researchers’ intellectual property for local and global markets. Advanced Materials and Battery Council director Lynette Molyneaux. “For too long, Australian research findings have been exported for other countries’ benefit," Dr Molyneaux said. "The Advanced Materials and Battery Council is dedicated to supporting battery-tech companies to develop networks to grow commercially viable value chains, and collaborate with researchers and policymakers to become the cornerstone for a resurgent domestic manufacturing sector. “Queensland’s Battery Industry Strategy gives clarity and support to companies that have the know-how and the determination to compete in this huge global opportunity. It also offers investors a clear vision of Queensland’s determination to play a crucial role in global decarbonisation.” https://www.youtube.com/watch?vpT4MAlSMAsA&t15s

State rolls out $570m plan to supercharge battery sector

Industry Queensland

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