The Northern Australia Infrastructure Facility (NAIF) has approved a loan of up to $610 million for Genex’s Kidston pumped hydro project in Queensland, 270 km north of Townsville. The Kidston Project is the first globally to utilise an abandoned mine and will be capable of producing 250MW of power for eight hours. NAIF CEO Laurie…
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Hi-tech company Micro-X will bring the design and manufacture of its next generation of carbon nanotube X-ray tubes in house to give it greater control over its operations.
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By Jessica Bassano An Australian range of teas flavoured with native ingredients such as lemon myrtle, finger lime and ants is preparing for an international launch. Co-founded by cook and food writer Rebecca Sullivan and artist and high school teacher Damien Coulthard, Warndu has sold its native teas, vinegars and oils in Australia since 2016.…
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The latest round of Accelerating Commercialisation grants has been announced, with ten grants totalling $3.7 million.
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Venture capital investment in Australia reached a record high of $US 1.23 billion last financial year, according to figures compiled by KPMG.
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Perth shipbuilder Austal (ASX:ASB) has boosted its profit forecasts on strong gains from its Australasian ship building yards. While the company said its Alabama yard was still performing strongly with orders for two ship classes for the US Navy, it said multi-hull ferry building was now increasing on its new regional investments. Austal expects an…
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Australasian smart asthma inhaler device maker Adherium (ASX: ADR) has received US Food and Drug Administration clearance for over the counter sales of its Hailie sensors. The company, founded in New Zealand, listed in Australia and headquartered in the United States, manufactures connected respiratory devices. Its’ Hailie sensor attaches to a patient’s asthma inhaler, monitoring…
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By Andrew Spence Adelaide-based company Ping Services has closed a $650,000 seed fund round after securing an additional $200,000 in government funding earlier this year. The patented device, known as the Ping Monitor, uses acoustic analysis, machine learning and the Internet of Things (IoT) to continuously detect wind turbine blade damage. The key piece of…
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Alstom has said it will shut its Ballarat site if it is not awarded a contract soon to replace the Victorian government’s 1980s-era Comeng trains.
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Iconic liquorice manufacturer Darrell Lea has beefed up its’ chocolate offerings with a range of six blocks with the help of Monash Food Innovation. The family-owned business, which faced financial difficulties in 2012, worked with MFI to design the perfect block form, weight and demoulding ability. MFI also helped de-risk the production process through the…
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