Universities can apply for AUKUS funding for 4,000 more places Universities can now apply for additional Commonwealth supported places (CSPs) targeted at graduates in STEM courses, the federal government announced on Friday. The additional CSPs are designed to attract more students to train in engineering, mathematics, chemistry and physics and meet the needs of the AUKUS…
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Composite road wheel manufacturer Carbon Revolution has begun producing its carbon fibre composite road wheels on its automated Mega-line at the same time as it revealed a doubled order backlog and the award of four new wheel programmes by automotive OEMs. The Geelong, Victoria company reported it had commissioned Phase 1 of the Mega-line large-scale…
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By Tony Wood, Grattan Institute “To ensure Australian consumers continue to have access to reliable electricity supplies, it’s critical that planned investments in transmission, generation and storage projects are urgently delivered.” This week, we heard one of the strongest warnings yet from Daniel Westerman, head of the Australian Energy Market Operator (AEMO). So far, media…
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Business-to-business medical cannabis cultivator and manufacturer ECS Botanics has announced its full-year results, including a sharp increase in consolidated revenue and a maiden profit before tax. According to a statement from the company on Thursday it went through a “substantial expansion phase” over the year, with $16 million in receipts from customers (up 180 per…
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Defence manufacturer Thales Australia has continued its revitalisation of the historic former Lithgow small arms works with the opening of the company’s new advanced manufacturing facility in the regional NSW city. Defence Minister Pat Conroy officiated and opened the new Lithgow Arms facility (pictured) which has been a centre of Australia’s defence industry since it…
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A new collaboration between Deakin University’s Recycling and Clean Energy Commercialisation Hub (REACH) and industry partner Clean Energy Resources (CER) aims to develop novel technologies to convert old tyres into electricity, hydrogen and other important resources. The partnership between Deakin and Geelong-based CER will develop a technology that provides a new way to generate electricity…
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Ballistic armour and drone technology manufacturer XTEK continues to ride rising global insecurity, reporting another big jump in revenue in FY23. XTEK reported profit after tax of $6.1 million, up seven percent, on revenue up 54 percent to $89.4 million for the year. EBITDA profit was $10.9 million with the company ending the year with…
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The Australian Renewable Energy Agency (ARENA) has announced $10 million in funding for RayGen Resources’ Solar Power Plant Two: Phase 1 project, progressing a “hi-tech solar and thermal storage technology” closer to commercialisation. According to a statement from ARENA on Thursday, the funding will help RayGen improve its design, achieve material cost reductions, and conduct…
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International shipbuilder Austal has confirmed a NPAT loss for FY23 of $13.6 million, down from a profit of $79.6 million the previous year. The loss, set on revenue up 11 percent to $1.59 billion, is due to provisional losses of $171 million stemming from the construction of steel hulled Navajo class Towing, Salvage, and Rescue…
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Vehicle conversion company ZERO Automotive has launched its second-generation, LandCruiser-based ZED70 Ti, with mining services company Barminco signing on as the first customer to accept delivery and CarBon Leasing & Rentals confirming an order of 200 vehicles. According to a statement on Thursday, the design features: The company’s proprietary HEPS (Hazardous Environment Protection System) underbody…
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