Congratulations to Townsville Enterprise (TEL) Member, Cleveland Bay Chemical Company and Queensland-based energy storage company Energy Storage Industries Asia Pacific on achieving a $3 million grant with the Department of State Development and Infrastructure to increase iron flow battery electrolyte production in North Queensland. Investments such as this make the path toward renewable energy storage a reality, and firms Townsville North Queensland as leaders in the industry. #nqh2
Townsville is set to play a central role in renewable energy storage with funding for a significant increase in iron flow battery electrolyte production. Through a joint venture between Energy Storage Industries Asia Pacific and Cleveland Bay Chemical Company production will leap from 3 million to 43 million litres per annum. With a total investment of $20 million, supported by a $3 million grant from the Department of State Development and Infrastructure, this expansion will generate up to 50 construction jobs and 20 operational roles, enhancing local manufacturing and the critical minerals supply chain. Leveraging Cleveland Bay Chemical Company's expertise in manufacturing high-purity specialty electrolyte, this project introduces an innovative process that further advances Australia's capabilities in the critical minerals sector. #ESIAsiaPacific Managing Director Stuart Parry said the support from the Regional Economic Futures Fund would enhance Australia’s energy security and create skilled jobs and economic opportunities. “We’re excited that our partnership with Cleveland Bay Chemical Company will expand production of Australia’s first iron-based electrolyte made for commercial batteries. Crucially, we're strengthening the resilience of the supply chain for iron flow batteries and supporting the development of a critical minerals supply chain as we improve energy security for all Australians.” Marking a significant advancement in Australia’s manufacturing capabilities and energy transition, this development complements the recent start of construction on the country’s first grid-scale battery manufacturing plant in Maryborough. Together, these initiatives position Queensland at the forefront of renewable energy storage. #EnergySecurity #LocalInvestment #CriticalMinerals #IronFlowBatteries #RenewableEnergy 🔋⚡🌍🔌