Fortescue to build ‘$1bn’ green equipment manufacturing plant

Andrew Forrest’s Fortescue Future Industries is to construct the world’s largest electrolyser, renewable industry and equipment factory at Gladstone, Queensland FFI, which only last week announced it was designing a 1Gw solar PV factory to be sited in Australia, made the announcement of the first stage on Sunday. FFI said total investment could add up…

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Applied EV autonomous vehicle shows the futility of Australia’s car plans

By Peter Roberts For several decades Australia has a series of ‘car plans’ that succeeded in reducing model proliferation in what was once a highly protected industry, creating a sector which was technologically advanced and, with the subsidy of the plan, profitable for the surviving companies Ford GM and Totoya. It made an important contribution…

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Lockheed Martin and Shoal join for satellite communications

Adelaide based systems engineering group Shoal Group will join Lockheed Martin Australia (LMA) on its JP9102 team delivering a next-generation military satellite communications (MILSATCOM) system to Defence. LMA’s JP9102 solution is designed for operational superiority over current systems in the industry. According to the company, it not only delivers unparalleled coverage, capacity and resilience, but…

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Australian Business Growth Fund makes first investment

Battery and electric vehicle technology company 3ME technology has been revealed as the first investment of the Australian Business Growth Fund, a joint partnership between the federal government and Australia’s major financial institutions. Based in the Hunter region, 3ME Technology will receive $15 million from the fund, which was established in 2020 and provided an…

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