Transport electrification group GoZero has received $80 million in asset finance facilities from the Commonwealth Bank which will fund the electrification of the bus fleets of Sydney independent schools. The schools, including Queenwood, Knox Grammar and Scots College, through GoZero’s charter business the NSBC Group, will have their diesel buses replaced by battery electric buses…
By Andrew Gunn, Monash University and Christian Jakob, Monash University The bush is full up – no room for more renewables, according to Nationals leader David Littleproud. Instead, renewables should be restricted to large solar arrays on commercial buildings in the cities. The country-focused minor party presumably hopes to capitalise on rural scepticism of large scale…
Cochlear upgrades profit outlook on strong implant sales Hearing implant manufacturer Cochlear has upgraded earnings guidance following better than expected growth in revenue from bionic ear implant sales. The company told investors underlying net profit for FY24 was now expected to be between $385-400 million, a 26 to 31 percent increase on FY23. The upgrade…
The federal government has announced a further $41 million in Energy Efficiency Grants (EEG) for Small and Medium Enterprises to improve energy efficiency, save on energy bills and lower emissions, taking the total size of the scheme to $62 million. The grants between $10,000 and $25,000 can be used to upgrade to more efficient equipment…
Perth mining automation company Jevons Robotics has announced that Ausroad Manufacturing, a maker of specialist road maintenance and mine support vehicles, has become a strategic investor. In a statement on Tuesday, Jevons said that the pair were now poised to “embark on a series of collaborative projects in the coming years”. The size of the…
Coal to fertiliser producer NeuRizer has secured a second customer for its one million tonne per annum urea plant under construction at the former Leigh Creek brown coal field in mid-north South Australia. The company told investors it had signed a Term Sheet with Samsung C&T Corporation to negotiate a 5-year Sales and Marketing Agreement…
Engineers who once worked on Australia’s now grounded fleet of Taipan helicopters have volunteered to rebuild the aircraft for use by Ukraine rather than dispose of them by disassembly, according to media reports. Australia’s taipans have had a troubled history, never meeting defence performance criteria since their acquisition from 2007. However now they will be…
Titomic sells 3D print system to Volvo Machinery manufacturer Titomic has sold a D523 low-pressure cold spray additive manufacturing system to the Volvo Group of Sweden for a contract price of $90,865. The unit will be used in the company’s repair and remanufacture operations and ‘is a testament to the company’s growing recognition and credibility…
Radiopharmaceutical manufacturer Cyclopharm has announced unaudited FY23 revenue up 14 percent to $28.9 million and increasing momentum in the roll out of its Technegas lung imaging technology in the United States. The US launch has resulted in 80 issued contracts to date, covering more than 280 individual institutions, of which six are at the final…
Construction technology company PARKD has announced entry into Binding Commercial Terms with Fielders Steel Roofing (a division of BlueScope Steel) for the licencing of PARKD’s Metal Deck Support System (MDSS) and intellectual property. The news follows a successful 120-day due diligence term announced in September 2023. Western Australia-based PARKD is a developer of modular, multi-storey…
