Investment management company Quinbrook Infrastructure Partners has begun the development phase of a proposed $3.5 billion Green Iron Project in Gladstone, Queensland. Quinbrook has partnered with Central Queensland Metals which holds the exploration permits for what is the largest known magnetite deposit in Queensland – magnetite is a type of iron ore suited to direct…
The UK Ministry of Defence has awarded £3.95 billion of funding to BAE Systems for the next phase of the UK’s next-generation nuclear-powered attack submarine programme, the SSN-AUKUS. SSN-AUKUS will be the largest, most powerful and advanced attack submarines the Royal Navy has ever operated, and will eventually replace the Astute class, which BAE Systems…
The federal government will spend $1.5 billion to buy a fourth MQ-4C Triton Remotely Piloted Aircraft System, and upgrade to the Royal Australian Air Force’s fleet of P-8A Poseidon Maritime Patrol Aircraft. While Triton will be imported, Australian industry has got a look in to the spending with the government negotiating with Boeing Defence Australia…
The federal government is committing $4.1 billion to acquire more long-range missile strike systems, including a $2.5 billion downpayment for the establishment of a large-scale guided weapons manufacturing industry base in the country. Responding to the priorities of the Defence Strategic Review, the government said it would acquire land-based maritime strike and long-range missile launchers,…
Executives of rapidly deployable solar power systems manufacturer 5B have celebrated what they call a ‘very big deal’ for the solar sector – the placement of the first bolt of the company’s Advanced Manufacturing Pilot Line. The Mascot, NSW company took to social media and said: “An epic moment when the foundation bolt of our…
Australian solar system manufacturer 5B has been appointed as the technology provider for a 10.1MWp solar system that will form part of a 21.4MWp solar power project that AES El Salvador is constructing for Holcim El Salvador’s El Ronco cement plant. When operational, the new solar power plant will generate 21 per cent of the…
bp ventures has made a $20 million investment in 5B Holdings, the Australian renewable company with technology that enables rapid deployment of solar power at scale. The investment closes 5B’s $55 million AUD Series B funding round, which was co-led by existing investors The AES Corporation and Artesian. 5B’s leading solar technology, the 5B Maverick…
Solar technology company 5B has been awarded $14 million funding from the Australian Renewable Energy Agency, which will assist a $33.4 million project to automate production of the company’s prefabricated solar arrays.
Fast-growing modular solar energy system provider 5B will acquire its manufacturing partner, Adelaide-based IXL Solar.
Pokie machine manufacturer and online game developer Aristocrat Leisure is making a massive $5 billion play to expand its booming online gambling businesses. The Sydney company is to raise $1.3 billion in new capital to acquire leading online gambling software and content supplier Playtech for $5 billion. The move vastly accelerates its global growth strategy…
