Manufacturing news briefs — stories you might have missed

Redflow raises further $6.75 million,  totalling $11.65 million from  Entitlement Offer  Energy storage company Redflow told the ASX last week that it has received firm commitments from institutional and sophisticated investors for an additional $6.75 million (before costs) via placement of entitlement shortfall shares, at a price of $0.21 per share. Combined with approximately $4.9 million…

Breakthrough Victoria invests in gut gas detection startup

Breakthrough Victoria has announced an investment in Atmo Biosciences, a medical technology company that has developed capsules that are swallowed and electronically diagnose gastrointestinal disorders. Breakthrough Victoria — an independent company set up in 2021 to manage the state government’s $2 billion Breakthrough Victoria Fund — did not disclose the size of the investment. In…

SA, federal governments announce $100 m for Port Bonython hydrogen infrastructure

The South Australian and federal governments have announced the finalisation of $100 million in funding for the Port Bonython Hydrogen Hub, supporting the development infrastructure for the state’s first hydrogen export terminal. Sixteen kilometres from Whyalla, Port Bonython is currently used to export resources derived from the Cooper Basin oil fields, including crude oil and…

SmartSat CRC backs ACT space technologies

The SmartSat Cooperative Research Centre (CRC), has announced a suite of new R&D projects and university appointments that inject new funds into research in space technologies addressing bushfire resilience, spacecraft system autonomy, space objects surveillance and cyber security. One of two new research projects co-funded by SmartSat and ACT Government brings together the Australian National…