There is a justifiable chance Anteotech is a shoe in for one both of these Queensland Battery business funding plans , plenty of quiet mabe plenty going on behind closed doors.
February 26, 2024,
Batteries & Storage,
Electricity,
News,
Renewable Energy,
0 The Queensland Government has announced its $570 million Battery Industry Strategy, which aims to support battery industry innovation, commercialisation, investment and supply-chain growth.
The Queensland Battery Industry Strategy is a five-year action plan designed to harnesses Queensland’s expertise in battery technologies and deliver clean economy jobs in battery technologies and manufacturing
The strategy brings together Queensland’s critical minerals resources, mining expertise, emerging business capability, and research and technology.
Together, these will further develop advanced manufacturing of battery materials, cells, pack assembly, installation, and recycling.
The $570 million package includes new funding of $210 million to build capabilities across the value chain, drive development of battery standards, and testing.
It also provides Queensland’s funding contribution to the Australian Battery Industrialisation Centre that will be further developed in partnership with the Australian Government and a consortium of Queensland Universities.
New and existing industry support is allocated across three key themes:
- $275 million to support industry to innovate and commercialise battery technologies, including $105 million in state funding to plan and establish the Australian Battery Industrialisation Centre in partnership with the Federal Government
- $92.2 million to drive battery investment and supply chain growth, including an $80 million industry grant program
- $202.5 million to promote and position Queensland as the preferred supplier of advanced materials and batteries to domestic and international markets, including $5 million to establish Batteries Queensland, a central point of contact for industry to connect with relevant government agencies and access support
- Stakeholders helped shape the strategy through the Queensland Government’s Battery Industry Opportunities for Queensland discussion paper, which was released in 2023.
The QCMBTF was created by the Queensland Government to support businesses to assist in economic growth in Queensland, create Queensland based jobs, support private sector investment, and manufacture advanced battery technologies in the state. The QCMBTF is a $100m facility to support businesses investing in critical minerals and battery supply chain in Queensland. The fund provides two streams of financial assistance:
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