This briefing paper details the building of a renewable backbone for industry in Gladstone and the transmission and storage requirements of a Gladstone REIP.
A Gladstone Renewable Energy Industrial Precinct (REIP) will support clusters of manufacturers powered by 100% renewable energy. Access to this low-cost, reliable energy will give local manufacturers a global edge in growing zero-emissions markets.
Gladstone could become a major green hydrogen hub to maintain its industrial heritage with many proposed hydrogen projects, but it will need plenty more renewable energy to power existing industry giants committed to decarbonisation as well as the new green industries.
Significant benefits will flow to sectors beyond industry, providing low-cost, firmed renewables for households, transportation and supporting the broader grid.
ACIL Allen’s modelling indicates that by 2032 a REIP in Gladstone has the potential to:
- Unlock new capital investment of $7.8 billion for the region
- Generate an additional $2 billion in revenue per year
- Create 11,000 new ongoing local jobs in new manufacturing and service industries
- Protect existing manufacturing jobs
Download the report here.
Read our REIP Policy recommendation.