Qld fuels local battery manufacturing with $25M investment

The Queensland Government is set to invigorate local battery manufacturing with a substantial $25 million investment.

This funding aims to enhance the state’s capabilities in producing advanced battery technologies, positioning Queensland as a leader in the energy storage sector.

Minister for Energy, Renewables and Hydrogen, Mick de Brenni, announced the initiative, highlighting its significance for the local economy. “This investment is crucial for boosting our battery manufacturing industry, creating jobs, and driving innovation in renewable energy technologies,” he stated. The funding will support research and development initiatives, as well as infrastructure improvements to facilitate the growth of the battery supply chain.

The investment aligns with Queensland’s commitment to transitioning to a low-carbon economy. By fostering local production of batteries, the government aims to reduce reliance on imports and enhance energy security. “Developing our own battery manufacturing capabilities is a vital step towards achieving our renewable energy targets,” de Brenni added.

This initiative is expected to not only create jobs in manufacturing but also support the broader adoption of renewable energy technologies across the state. The government is eager to collaborate with industry stakeholders to ensure the successful implementation of this investment.

Overall, the $25 million investment marks a significant step forward for Queensland’s energy sector, laying the groundwork for a sustainable and innovative future in battery manufacturing.