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The Northern Territory Government has partnered with the Future Battery Industries Cooperative Research Centre (FBICRC) to advance its foothold on the battery supply chain, including the establishment of new mining projects.

The $500,000 investment will deliver a four-year collaboration between the Territory Government and FBIRC.

It will involve industry research that will show investors the Territory’s capabilities in the battery value chain.

The partnership will play a key part in supporting the development of new mines and manufacturing.

It also forms part of the Territory’s commitment to achieving a $40 billion economy by 2030.

The FBICRC is comprised of 60 participants who have key insights to solving technical and market challenges in growing new battery industries in Australia right across the supply chain, including the mining of battery metals such as lithium.

According to the Territory government, it also covers topics including sustainability and responsible sourcing.

“The battery industry has been identified as an opportunity to add value to the Territory’s abundant natural resources and leverage its proximity to export markets throughout the Indo-Pacific,” the Territory government stated.

“We want Territorians to have access to the latest and best technology as we build a stronger and more resilient power system for Territory households and businesses,’ Northern Territory Minister for Renewables and Energy Eva Lawler said.

“This partnership is a win-win for the Territory – as the world moves towards emission-reduction goals we know we must remain on the front-foot when it comes to chasing that next economic opportunity.”

Northern Territory Chief Minister Michael Gunner said the partnership will strengthen the Territory’s position across the battery supply chain.

“The Territory is Australia’s comeback capital because we continue to invest in new industries, expand business opportunities and create jobs for Territorians,” he said.

“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, and we are hunting every opportunity.

“This partnership will lay the groundwork for future investors and projects that will continue to build up our economy.”