Date: Nov 21, 2018

Researchers will be creating capacity and capability to leverage the global battery metals boom as focus is shifted to new energy systems.

Australian Vanadium Ltd (ASX:AVL) and subsidiary VSUN Energy have signed an agreement to offer in-kind services to the Future Batteries Industry Cooperative Research Centre (FBI CRC).

The FBI CRC aims to support the development of hubs and precincts of globally competitive battery industries while ensuring a secure supply of battery metals to meet global demand in the transition to new energy systems.

VSUN Energy was established to provide AVL vertical integration opportunities in vanadium supply and battery installation.

AVL managing director Vincent Algar said: “It’s great to see the change in focus in Western Australia to not repeat the dig and ship mentality of the iron ore boom.

“We have the opportunity to add real value and develop strong expertise in Australia and, in particular, Western Australia.

“The FBI CRC could help enable industry participants to work together to build a battery industry that will benefit all Australians.”

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