“This battery plant has the potential to transform Townsville and charge the city’s economy for decades to come,” Cr Hill said.

Townsville Bulletin 5 June, 2018

THE city has taken the next critical step towards development of a $2 billion battery manufacturing plant at Woodstock in Townsville, Mayor Jenny Hill says.
Cr Hill, who is attending the BIO International Convention with Premier Annastacia Palaszczuk in Boston, was speaking after signing a high-level agreement with a consortium called Imperium3.
The Imperium3 consortium includes New York-based Charge CCCV, Primet Precision Materials, C&D Assembly, listed Australian company Magnis Resources and investment firm Boston Energy and Innovation.
The consortium’s partners include Siemens, Celgard and Babcock and Wilcox MEGTEC.
Cr Hill said signing the agreement between the council and Imperium3 was the next crucial step to establishing the battery plant.
It followed the signing of a memorandum of understanding with Boston Energy and Innovation last year to investigate building a 15 gigawatt-hour battery manufacturing plant in Townsville.
“This battery plant has the potential to transform Townsville and charge the city’s economy for decades to come,” Cr Hill said.
“The battery plant project has generated huge interest already at the BIO convention and Townsville is well and truly on the map for investors here.
“I’d like to thank the Premier for the invitation to the US to showcase our plans to turn Townsville into an ¬advanced manufacturing hub.”
Last November, Ms Palaszczuk announced a $3.1 million grant towards a feasibility study for the Townsville project. Speaking at the signing, Ms Palaszczuk said battery technology was a natural extension of Queensland’s transition to being a renewable energy powerhouse.
“Queensland has long been the powerhouse of Australia,” Ms Palaszczuk said.
“Now as we move towards our 50 per cent renewable energy target, storage solutions are a vital part of enhancing our natural strengths in renewable generation.
“Storage is fundamental to making renewable energy reliable, and that’s why my Government has already committed more than $3 million towards assessing the feasibility of this project.”
The battery plant is expected to create up to 1000 direct jobs and position Townsville as a global leader in advanced manufacturing.
Cr Hill said the project received significant interest from big investors at the convention.
The plant will be built at Woodstock after the council last year agreed to partner with the consortium and provide the land for the plant.
Magnis says Imperium3 is working to begin operations at Huron Campus in New York State in the first half of next year after acquiring lithium-ion battery manufacturing equipment in a liquidation sale in North Carolina.
The BIO convention attracts 16,000 biotechnology and pharmaceutical leaders in areas such as drug discovery, biomanufacturing, genomics, biofuels, nanotechnology and cell therapy.

Source: Raggatt, T., 2018. Hill says battery project will charge Townsville for decades, Townsville: Townsville Bulletin.