Qld premier announces $570m battery industry strategy
Queensland is poised to become Australia's renewable energy "superpower" after unveiling a $570 million battery industry investment.
Premier Steven Miles on Thursday announced the multimillion dollar strategy that is forecast to contribute $1.3 billion to the economy and create 9100 jobs by 2030.
The five-year plan will deliver jobs in battery technologies and manufacturing and "supercharge" industry innovation, commercialisation, investment and supply chain growth, he said.
Under the plan, $105 million will be allocated towards establishing the Australian Battery Industrialisation Centre with the federal government.
The Queensland Conservation Council welcomed the battery strategy, saying it was a step toward the state realising its significant clean manufacturing potential.
This will make VRB a world leader all Aussie V2O5 companies will benefit
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