The Future Battery Industries Cooperative Research Centre (FBICRC) has officially welcomed the Northern Territory Government as its newest project participant.
The Government’s investment is valued at $500,000 over four years and will further research into the Territory’s capabilities within the battery value chain.
Chief Executive Officer Stedman Ellis said the involvement of the Northern Territory Government represented an important step in furthering the FBICRC’s national agenda.
“A diversified battery industry has the potential to contribute $7.4 billion annually to Australia’s economy and support more than 34,000 jobs by 2030 according to the FBICRC’s Accenture report.
The Northern Territory has abundant natural resources, and this investment will help to accelerate the growth of the battery industry and support the development of new mining and manufacturing opportunities in the top end.” Stedman said.
Chief Minister Michael Gunner said:
“Partnering with the FBICRC will seat the Territory at the table with Australia’s leading scientists, companies and entrepreneurs and will lay the groundwork for future investors and projects that will continue to build up our economy.”
The Northern Territory Government joins other recent additions to the FBICRC’s growing community of project participants which include ESS Asia Pacific Pty Ltd (Sword and Stone), EV Metals and Alpha HPA.
In a sign of the growing importance of the battery industry to a cleaner energy future, the FBICRC’s research programs now encompasses four state governments in WA, QLD, SA and NT within its 68 industry participants who are supporting a portfolio of projects across the battery value chain, with a combined value in excess of $120 million over six years.
To read the full release by the Northern Territory Government click here.