Queensland invests $34.4m in battery strategy

This will support the state’s five-year Battery Industry Strategy.

The government of the state of Queensland is investing around $374.4m (A$570m) to support the projects under its Battery Industry Strategy.

In a statement, the government said the five-year action plan aims to reinforce the state’s position as a “globally competitive investment destination,” that aims to develop advanced manufacturing of battery materials, cells, pack assembly, installation, and recycling.

The total investment includes the $137.9m (A$210m) funding to build capabilities in the value chain and develop battery standards and testing.

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“The Queensland Battery Industry Strategy establishes Queensland as a global leader in the flow batteries needed to store renewable energy and advanced battery technologies,” said Premier Steven Miles.

“Building a Queensland battery industry creates jobs here in the Southeast 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,” he added.

The funding will support the Australian Battery Industrialisation Centre which will be developed in collaboration with the Australian government and a consortium composed of Queensland universities.

$1 = A$1.52