$570 million strategy to supercharge a new industry for Queensland
Global economies are rapidly transforming to make way for a new era focused on electrified transport and renewable-energy generation.
As the world continues to decarbonise, the demand for battery storage is set to increase tenfold by 2030.
This shift brings with it a once-in-a-lifetime opportunity for Queensland to become a driving force in the development, manufacture and deployment of new energy storage technologies. This will provide opportunities to accelerate industry growth and deliver the highly skilled jobs of the future.
To seize these opportunities, we have released a multi-technology Queensland Battery Industry Strategy 2024-2029 ( 3.3 MB).
The strategy highlights our critical minerals and mining expertise as well as our competitive advantages to further develop capabilities in refining, production of advanced battery materials, cell manufacture, pack assembly, installation and recycling.
The Queensland Battery Industry Strategy outlines actions that will target $570 million in investment over the next 5 years. A key action is the Australian-Made Battery Precinct in Queensland which is being delivered with the Australian Government’s investment of up to $100 million.
This project builds on the $50 million QUEST Hub project that is already underway to support battery technology innovation and commercialisation. Investments like these will ensure that we remain at the forefront of energy storage technology as we position our industry to engage with markets all over the world. About the strategy
The Queensland Battery Industry Strategy ( 3.3 MB) is a key action of the $62 billion Queensland Energy and Jobs Plan, the Queensland Resource Industry Development Plan and the Queensland New Industry Development Strategy.
We're leading the strategy in partnership with the Department of Regional Development, Manufacturing and Water.
The strategy has three main themes designed to grow a sustainable and diverse battery industry:
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3.3 MB).
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