Queensland unveils USD-376m plan to spur battery supply chain growth

The government of Queensland has pledged to pour AUD 571 million (USD 376m/EUR 346.3m) into a plan to establish a battery supply chain in the Aussie state over five years, according to an announcement on Thursday.

The Queensland Battery Industry Strategy aims to make the state a “battery industry capital” by developing the advanced manufacturing of battery materials, cells, pack assembly, installation and recycling processes. The action plan relies on existing funding and about AUD 210 million in fresh capital to “build capabilities across the value chain, drive development of battery standards, and testing.”

Included in the package is an AUD-275-million pot to commercialise battery technologies, of which AUD 105 million will help the creation of an Australian Battery Industrialisation Centre under a partnership with Queensland Universities. In addition, AUD 202.5 million will go to promote Queensland as the preferred supplier of advanced materials and batteries and AUD 92.2 million will be allocated to support battery investment and supply chain growth.

“Our 75% 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,” said Queensland’s Premier Steven Miles as he highlighted the importance of flow battery technology.

(AUD 1.0 = USD 0.658/EUR 0.606)

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