Energy storage company MGA Thermal has announced the raise of a further $8.25 million, including from existing investors Main Sequence, Varley Holdings and Melt Ventures, as it prepares to commission a demonstration unit for its thermal energy storage system. “We’re proud of our work and support received to date from the Australian Renewable Energy Agency…
The federal government has opened Round 15 of Cooperative Research Centres Projects (CRC-P) Grants to develop new technologies, products, and services. The government expects to award around $40 million in grants in the round to small and medium businesses for projects to support a circular economy or meet the key priorities of the National Reconstruction…
Environmental technology company Calix and lithium miner Pilbara Minerals have announced a final investment decision to build a $104.9 million demonstration plant for processing a lithium-enriched product from a low-grade spodumene, able to produce over 3,000 tonnes per annum of lithium phosphate. The two ASX-listed companies announced a joint venture for the Pilgangoora Project in…
Filtration screen specialist ActionLaser has announced its entry into the international market for plastic recycling via a project backed by the Advanced Manufacturing Growth Centre. ActionLaser was established in 1988 based on laser drilling technology developed at CSIRO, originally focussed on centrifuge screens for the sugar processing industry, and later branched out into filtration screens…
Hydrogen fuel cell vehicle manufacturer H2X Global has secured funding to support working capital needs in the European rollout of its vehicles through a strategic cornerstone agreement. H2X Global, 20 percent owned by green hydrogen developer Pure Hydrogen, executed a term sheet agreeing to invest an initial $3.4 million equity funding into the company. The…
Australian battery manufacturer Energy Renaissance believes Australia is now at a point where it’s equally cost-effective for SME businesses to harness the power of the sun and store it in batteries as it is to tap into the grid. Based on the default market offers (DMO) recently announced by the Australian Energy Regulator (AER), this…
Unmanned aerial vehicle engine manufacturer Orbital UAV has boosted sales revenue in FY23 in a year where it is engineering a move from a former dependence on one customer – drone manufacturer Boeing subsidiary Insitu. The Perth company revealed revenue from drone engine sales of $17.2 million in FY23, up from $15.7 million in the…
The South Australian government is aiming towards its goal of achieving net zero emissions by 2050 through trials of greener public transport options. The state, which still utilises diesel suburban trains on some lines and diesel buses is trialing diesel hybrid trains on Adelaide suburban rail lines that are not yet electrified. While Adelaide’s busiest…
Ophthalmic treatment device manufacturer Nova Eye Medical has reported strong sales results following the US launch of its latest iTrack Advance glaucoma surgical device. The iTrack Advance is a consumable device with an illuminated fibre optic tip designed to improve the efficacy of canaloplasty surgery in treating glaucoma. The updated device was launched in May…
