ClearVue receives R&D tax credit Solar photovoltaic company ClearVue has announced receipt of a $935,000 R&D tax credit from the Australian Taxation Office. The R&D tax credit claim under the Research & Development Tax Incentive related to research work completed during the last year on activities including development and production of its Generation 2 ClearVuePV…
Australia is a step closer to building conventionally armed, nuclear-powered submarines after the Australian and South Australian governments reached agreement on a land exchange for the new submarine construction yard at Osborne in Adelaide. The land for the yard, to employ up to 4,000 workers at its peak, will progressively move to the ownership of…
The NSW government’s Advanced Manufacturing Research Facility (AMRF), currently under construction at Bradfield City Centre, is seeking proposals for its first projects. The AMRF is scheduled to open in its first stage mid-next year, and aims to be the centre of “an advanced manufacturing ecosystem” within the Western Sydney Aerotropolis. According to its website, those…
Australian researchers are pursuing low-temperature, liquid metal-based catalysts as a way to make the chemical industry less emissions-intensive. In a paper published in Nature Nanotechnology on Friday, the team of Professor Kourosh Kalantar-Zadeh, Dr Junma Tang and Dr Arifur Rahim showed how nickel and tin could be dissolved in a gallium-based liquid metal to access…
Queensland is firming a renewable energy future with the delivery of the state’s first renewable energy peaking power plant now officially underway. In a partnership led by publicly owned energy company, CS Energy, GE Vernova will supply hydrogen ready peaking generation units, decreasing future reliance on fossil gas. GE Vernova will supply the equipment for…
Energy storage technology company Green Gravity‘s gravity-operated systems could soon be operating in Europe following the execution of an agreement between the company and Complexul Energetic Valea Jiului S.A. (CEVJ). The companies have executed a Cooperation Framework Agreement to explore the application of Green Gravity’s energy storage technology in seventeen mine shafts on the four…
By Peter Roberts Tired of hearing that manufacturers are rent seekers asking for handouts from the government? Tired of paying tax? Well, now you don’t need to – in Australia corporate tax is somewhat voluntary depending on who you are. Instead of being in the difficult-to-make-a-buck manufacturing sector perhaps you should think about getting into…
Explosives and blasting technology group Orica has reported strong earnings across all business segments for FY2023. Statutory Net Profit After Tax (NPAT) was reported as $295.7 million, compared to $60.1 million in the previous year but including $73.3 million of significant items expense after tax. Underlying EBIT from continuing operations was $698.1 million, up 24…
Defence contractors Austal, Civmec and Navantia Australia have partnered to offer the navy a proposal to deliver six corvettes, a so-called Tier 2 type vessel to complement larger frigates and destroyers. Designed by Navantia, the Tasman class corvette combines the manoeuvrability of a Tier 2 vessel, with the powerful weaponry of a major surface combatant,…
Drone detection and countermeasure company DroneShield has announced that one of its key products has been integrated into defence prime contractor Lockheed Martin Australia’s Agile Shield battlefield management programme. The incorporation of the company’s DroneCannon Mk2 wide area non-kinetic effector (pictured) was announced as part of a collaboration with LMA’s Science, Technology, Engineering, Leadership and…