NRF makes first investment – $40m in Russell Mineral Equipment

The federal government’s $15 billion National Reconstruction Fund has made its first investment – $40 million will be invested into innovative mineral processing equipment manufacturer Russell Mineral Equipment. The funds, which is alongside private sector investment, will ensure a pioneering Toowoomba manufacturer stays in Australia and boosts production, according to a statement. The investment from…

$60m in defence quantum technology grants announced

The federal government has invested $60 million in quantum and counter disinformation technologies critical to defence and to a future made in Australia. The Advanced Strategic Capabilities Accelerator’s (ASCA) Emerging and Disruptive Technologies (EDT) programme has signed 21 contracts with Australian universities and industry partners. The investment was made under the National Defence Strategy and…

RedEarth to manufacture bi-directional EV chargers

Energy storage solutions provider RedEarth Energy Storage has entered into a partnership with electric vehicle technology company ambibox to produce V2G bi-directional EV chargers for Australia and New Zealand customers at its manufacturing facility in Darra, Queensland. The partnership will deliver Australian made DC EV chargers to EV owners without rooftop solar or home batteries…

Precision fermentation potentially “transformative” for industry, says FaBA

The University of Queensland-based Food and Beverage Accelerator (FaBA) has released a report on what it says is a “transformative opportunity” offered by precision fermentation. In a statement on Monday, UQ said that while fermentation itself is nothing new, its more recent version of the technique was “on the brink of producing tailored, sustainable food…