Carbon capture and use given go ahead

The federal government has awarded six companies a share in the Government’s $50 million Carbon Capture, Use and Storage (CCUS) Development Fund. Part of a $1.9 billion new energy technologies package announced in the 2020-21 Budget, the government aims to accelerate the development of the technology in Australia, reducing emissions and supporting new economic opportunities.…

BluGlass focuses on manufacturing improvement, raises cash

Semiconductor technology developer BluGlass has announced an $8 million capital raising to further develop its first direct-to-market commercial laser diode product. The company, which is commercialising its Remote Plasma Chemical Vapour Deposition (RPCVD) production technology, plans a non-renounceable rights issue to current shareholders. The raising comes as the company revealed it was experiencing reliability issues…

Locals EOS and Nioa combine in weapons development

Two of Australia’s leading local defence businesses have joined to further opportunities in remotely operated weapons systems (RWS) and ordinance. Weapons and munitions prime contractor NIOA and Canberra RWS manufacturer Electro Optic Systems (EOS) have signed a Memorandum of Understanding to jointly pursue opportunities to enhance and support EOS Remote Weapon Stations and weapon systems.…

Solar PV and wind still the cheapest – CSIRO

Solar photovoltaics (PV) and wind continue to be the cheapest sources of new electricity generation capacity in Australia, even when the integration costs of renewables are included, according to a report released today by CSIRO and the Australian Energy Market Operator (AEMO). Their final 2020-21 GenCost Report, released today estimates the cost to generate electricity…