To continue to drive investment and achieve a $40 billion economy by 2030, the Northern Territory Government has announced a partnership with the Future Battery Industries Cooperative Research Centre (FBICRC) to accelerate the Territory's battery materials and manufacturing industry.
The FBICRC brings together almost 60 industry participants, eight universities, the CSIRO, and Federal and State Governments. With about $130 million cash and in-kind contributions, the FBICRC will position Australia as a leader in battery industries and create a new generation of highly skilled workers equipped to deliver the energy materials, systems and accreditation processes of the future.
The Territory Government's partnership, which includes a $500,000 investment over four years, will see the Territory participate in industry research that will inform investors about the Territory’s capabilities and battery value chain – the steps involved in manufacturing, distributing and selling batteries to end users.
"Partnering with the FBICRC will seat the Territory at the table with Australia’s leading scientists, companies and entrepreneurs."
"We have the potential to be an internationally-recognised manufacturer when it comes to battery materials"
- Chief Minister Michael Gunner
The partnership will play an important role in identifying the Territory’s best opportunities to capitalise in an emerging domestic and global market with analysts forecasting an increase in the global demand for batteries as the world moves towards 2030 and 2050 emissions reduction goals.