Council welcomes world’s first utility-scale quantum computer
Published 19 June 2026
- PsiQuantum to construct world’s first utility-scale quantum computer at Moreton Bay Central
- This positions City of Moreton Bay at the forefront of advanced technology, research and future industries
- Once operational, the project is forecast to generate around 400 jobs and approximately $89.4 million per annum
City of Moreton Bay welcomed the announcement that PsiQuantum has started construction on its new facility at Moreton Bay Central.
PsiQuantum will build the world's first utility-scale, fault-tolerant quantum computer. Quantum computers are expected to unlock transformative new capabilities across medicine, materials science, energy, manufacturing, logistics, finance, and agriculture.
City of Moreton Bay Mayor Peter Flannery joined PsiQuantum Chief Executive Officer Victor Peng and PsiQuantum Co-Founder and Executive Chair Prof. Jeremy O’Brien to mark the milestone on June 18, alongside Federal Minister for Industry, Innovation and Science Tim Ayres, Queensland Minister for Science and Innovation Andrew Powell.
City of Moreton Bay Mayor Peter Flannery said the facility positions the City at the forefront of advanced technology, research and future industries.
“This is exactly the type of investment we have been working to attract to City of Moreton Bay,” Mayor Flannery said.
“PsiQuantum is building technology that will have an impact globally, and they’re doing it right here in City of Moreton Bay.
“The economic benefits will be felt for years through new jobs, new skills and new opportunities for local businesses.
“In particular, the creation of highly skilled jobs across engineering, technical operations, advanced manufacturing, research, and professional services, all supporting economic growth in the City of Moreton Bay and contributing to the continued development of Queensland's innovation economy, is a gamechanger for our City.
“Combined with the education and training facilities being developed within in the precinct, this project helps create a pathway from classroom to career in one of the world’s most advanced industries,” Mayor Flannery said.
Economic modelling indicates that the facility’s construction phase will generate approximately $1.08 billion in value added to the local economy over a four-year period, with total economic activity estimated at approximately $3.27 billion. During the operational phase, the project is forecast to generate approximately $89.4 million in annual value.
The development is expected to support over 2,200 jobs during construction; and approximately 400 direct ongoing operational jobs, supported by a broader network of indirect employment. These new roles will be highly skilled and contribute to workforce development and higher income opportunities for the City.
Chief Executive Officer of PsiQuantum Victor Peng said building a quantum computer that solves real world problems is one of the great engineering challenges of our time.
“For decades, quantum computing has held the promise of transforming what humanity can achieve through computation, and today in Australia we are beginning to turn that promise into reality.
“We are grateful for the partnership and support of the Australian Government, the Queensland Government and City of Moreton Bay as we take this step forward.”
PsiQuantum’s site will be developed in several phases. During the initial construction phase, PsiQuantum will prepare for the arrival of a large cryoplant, a critical piece of infrastructure for cooling the quantum computer.
PsiQuantum will then proceed with commissioning the cryoplant and site before then accepting cryogenic cabinets, that will be filled with photonic quantum chips and networked together with standard optical fiber.
The result will be a complete industrial computing stack capable of accelerating discovery and unlocking breakthrough technologies across critical industries.
Moreton Bay Central is a strategically significant Priority Development Area (PDA) in City of Moreton Bay, established to deliver long-term economic development outcomes anchored in education, innovation and advanced industry.