Townsville set to be home to Australia’s largest lithium ion battery plant

Construction will start on Australia’s biggest lithium ion battery plant in Townsville next year if an Australian-led consortium secures debt funding when it completes a feasibility study at the end of September.

The Australian Financial Review is reporting that with annual production targeted at 15 gigawatts, the North Queensland plant aspires to be more than 100 times bigger than Elon Musk’s battery in South Australia, which has a storage capacity of 129 megawatts.

The plant, which will cost about $2.1 billion to build and another $2.8 billion  a year to operate, is being developed by an Australian-led consortium known as Imperium 3 Townsville.

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