Vast Renewables has signed a funding agreement to access up to $30 million of its existing $65 million grant from the Australian Renewable Energy Agency (ARENA) to progress its concentrated solar thermal power (CSTP) projects in Australia and internationally. Vast’ manufactures equipment at its Queensland facility, with ARENA’s funding to see the NASDAQ-listed company scale…
Quantum technologies developer Archer Materials has received prototypes of its tunnel magnetoresistance (TMR) sensors from its foundry partner, MultiDimension Technology (MDT). Archer is sending the TMR sensor prototypes which are used in data centres, automotive, medical devices, and internet-of-things (“IoT”) and consumer electronics to its research partner in an Australian university for characterisation. The company…
CSIRO venture FPR Energy has secured $15 million in seed funding to commercialise next generation solar thermal technology that will help reduce industrial emissions, which account for 20 per cent of Australia’s annual carbon footprint. The company was launched in collaboration with advisory and funds management firm RFC Ambrian and utilities business Osaka Gas, raising…
By Paul Gover The one-time crown jewel of the Holden world has been transformed into the future of car-making in Australia. Walkinshaw Automotive is now a ‘remanufacturing’ powerhouse with direct links to six major carmakers – and more on the way. Its core business is right-hand drive conversions of full-sized pick-up trucks from the USA,…
Oil and gas sector composites manufacturer Matrix Composites & Engineering has won another large contract for subsea buoyancy systems for the supply subsea umbilicals, risers and flowlines. The contract, worth between $21 million and $23 million, is for an international project and will be manufactured at Matrix’s facility at Henderson, south of Perth. This brings…
Personal care product manufacturer Kimberly-Clark Australia says a new packaging approach is delivering promising early results, and could see 15 tonnes of plastic removed annually from supply chains nationally. According to a statement from K-CA on Monday, the trial with with supermarket chain Woolworths began in mid-September, following “over a year in development and testing”.…
Bioengineering firm ByoMax has signed a non-binding Letter of Intent (LOI) with Green Steel WA to supply ByoCoke made from waste biomass as a sustainable replacement for coal and coke at the company’s Collie, Western Australia green steel plant. Green Steel WA is developing an electric arc furnace to recycle scrap and the state’s first…
The federal government has scheduled to introduce the Future Made in Australia (Production Tax Credit and Other Measures) Bill 2024 to Parliament today, with its focus the global net zero transformation. The legislation implements the government’s production tax incentives for renewable hydrogen and critical minerals, and also expand the role of Indigenous Business Australia. The…
Fertiliser maker PlasmaLeap, which recently raised $2.9 million to support commercialisation of its ammonia production method, has claimed that it could save Australia’s farmers $400 million annually. In a statement on Monday, PlasmaLeap said it is trying to displace the Haber–Bosch process, which was developed early in the 1900s and remains the dominant way of…
The federal government has down-selected two shipbuilders, Mitsubishi Heavy Industries and Thyssenkrupp Marine Systems, to progress designs for Australia’s future general purpose frigates under the SEA 3000 programme. In May, Defence released an approach to market to five shipbuilders, with Defence now planning to work with the two industry partners to further develop the proposals…