The federal government has announced a $5 billion Net Zero Fund aimed at supporting the decarbonisation of heavy industry, to be delivered by the National Reconstruction Fund (NRF) with capital drawn from the existing $15 billion program. The announcement on Thursday coincided with the government’s release of its 2035 climate target – a 62-70 per…
Green Gravity and Wollongong Resources have announced execution of a binding agreement for gravitational energy storage trials at the Russell Vale mine. The pair previously signed a Memorandum of Understanding, announced December 2023, and have since worked closely to assess the Russell Vale site for suitability in accommodating gravitational energy storage. According to a statement…
Counter-drone business DroneShield has announced that it has passed a milestone of 4,000 systems sold worldwide, with two new standalone contracts totalling approximately $7.9 million for delivery to the U.S. Department of Defense. According to a statement on Wednesday from DroneShield – which announced earlier this month that it is joining the ASX200 list –…
Federal government lowers fees for offshore wind developers The federal government said on Tuesday that it’s “cutting financial burdens and red tape for offshore wind development”, and for the next two years will reduce application fees for transmission and infrastructure licences from $300,000 to $150,000. According to a statement from energy minister Chris Bowen, fees…