Battery Manufacturing, Grants and funding, Queensland

GMG secures $2m in funding for battery pilot plant

Graphene Manufacturing Group announced it has signed a Queensland Critical Minerals and Battery Technology Fund agreement with the state Government of Queensland for a grant.

The $2 million grant is allocated to support GMG’s planned Automated Battery Pilot Plant, which aims to manufacture GMG’s Graphene Aluminium Ion Battery.

GMG’s chief executive officer Craig Nicol said, “This is great recognition for GMG and GMG’s next generation Graphene Aluminium Ion Battery and further shows the progress of the battery’s development. We are very excited about this next phase of its maturation.”

Queensland’s State Government created the Queensland Critical Minerals and Battery Technology Fund to bolster Australian businesses globally.

It aims to advance mineral extraction and processing and accelerate the development of battery technologies and production of precursor or advanced materials in Queensland, whilst supporting Queensland jobs and economic growth.

Queensland Government deputy premier, treasurer and minister for trade and investment Cameron Dick said,  “Projects like this are helping set the path in creating thousands of secure jobs for Queenslanders while providing the clean, reliable and affordable energy every household and business needs.”

The grant is to cover 50 per cent of the capital expenses for GMG’s planned Automated Battery Pilot Plant, which is intended for the production of GMG’s Graphene Aluminium Ion Battery.

GMG’s chairman and non-executive director, Jack Perkowski, said, “I would like to thank the Queensland Government for recognising and supporting GMG in this phase of its battery’s development.”

The Pilot Plant would be constructed at GMG Richland’s existing manufacturing facility, and the grant is conditional on various preconditions including GMG taking a final investment decision in the Battery Pilot Plant project.

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