Graphene Manufacturing Group (GMG) has been awarded a AU$2 million (over USD$1,300,000) grant by the Queensland Government to support the development of an automated battery pilot plant for the Company's graphene aluminium ion battery.
The funding aims to bolster the local critical minerals and battery technology industries, contribute to economic growth, and is expected to create 12 new jobs. The grant represents half of the capital costs for the plant, which will be housed within GMG’s existing facility, contingent upon GMG’s final investment decision.
The grant is conditional and includes preconditions including GMG making an investment decision on the proposed facility.
Craig Nicol, GMG’s chief executive, said: “We want to thank the Queensland Government and acknowledge its commitment to supporting the critical mineral and battery manufacturing industry in the State... 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."
Cameron Dick, deputy premier of the Queensland government, said: “I am so pleased that this new plant will create 12 good quality jobs. 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."