GMG gets $2 million Queensland government grant for battery pilot plant

Graphene Manufacturing Group announced this week that it has signed a Queensland Critical Minerals and Battery Technology Fund Agreement with the state government for a $2 million grant, supporting the company’s proposed battery pilot plant.

Brisbane-based and Toronto-listed GMG is commercialising graphene aluminium ion batteries among other graphene-based products. 

GMG claims that their batteries, developed with the University of Queensland, have power density, safety and other advantages over lithium ion chemistry-based batteries.

A statement on Monday from the company said the Queensland government grant covers a maximum of $2 million and up to 50 per cent of the value of a proposed “Automated Battery Pilot Plant”.

“I am so pleased that this new plant will create 12 good quality jobs,” said state treasurer Cameron Dick. 

“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.” 

GMG CEO 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.”

GMG announced in February last year that it had regulatory and council approvals to begin commercial-scale manufacture of batteries, after working under R&D-level regulatory approvals.

Picture: credit GMG

Further reading

AICIS approval will allow significant scaling up, says Graphene Manufacturing Group

Graphene Manufacturing Group plans aluminium-ion batteries

GMG moves novel graphene/aluminium batteries to “BTRL 4”

GMG gets approvals to build graphene battery plant at Brisbane