Queensland is firming a renewable energy future with the delivery of the state’s first renewable energy peaking power plant now officially underway. In a partnership led by publicly owned energy company, CS Energy, GE Vernova will supply hydrogen ready peaking generation units, decreasing future reliance on fossil gas. GE Vernova will supply the equipment for…
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Energy storage technology company Green Gravity‘s gravity-operated systems could soon be operating in Europe following the execution of an agreement between the company and Complexul Energetic Valea Jiului S.A. (CEVJ). The companies have executed a Cooperation Framework Agreement to explore the application of Green Gravity’s energy storage technology in seventeen mine shafts on the four…
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By Peter Roberts Tired of hearing that manufacturers are rent seekers asking for handouts from the government? Tired of paying tax? Well, now you don’t need to – in Australia corporate tax is somewhat voluntary depending on who you are. Instead of being in the difficult-to-make-a-buck manufacturing sector perhaps you should think about getting into…
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Explosives and blasting technology group Orica has reported strong earnings across all business segments for FY2023. Statutory Net Profit After Tax (NPAT) was reported as $295.7 million, compared to $60.1 million in the previous year but including $73.3 million of significant items expense after tax. Underlying EBIT from continuing operations was $698.1 million, up 24…
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Defence contractors Austal, Civmec and Navantia Australia have partnered to offer the navy a proposal to deliver six corvettes, a so-called Tier 2 type vessel to complement larger frigates and destroyers. Designed by Navantia, the Tasman class corvette combines the manoeuvrability of a Tier 2 vessel, with the powerful weaponry of a major surface combatant,…
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Drone detection and countermeasure company DroneShield has announced that one of its key products has been integrated into defence prime contractor Lockheed Martin Australia’s Agile Shield battlefield management programme. The incorporation of the company’s DroneCannon Mk2 wide area non-kinetic effector (pictured) was announced as part of a collaboration with LMA’s Science, Technology, Engineering, Leadership and…
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CIMIC Group subsidiary Sedgman has been appointed Managing Contractor for a critical minerals processing facility in Townsville, the state-owned Queensland Resources Common User Facility (QRCUF). In a statement on Thursday, the state government said it would work closely with Sedgman to develop the detailed design and construction program for the facility, which it intends to…
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Private sector operated Weapons Research Establishment has invited innovators to contribute to the design and manufacture of a new, cutting-edge AUKUS rifle through an open innovation challenge. The AUKUS Rifle Challenge represents a unique opportunity for researchers, engineers, and manufacturers to contribute to the development of cutting-edge firearms that can enhance the effectiveness of armed…
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Space logistics business Space Machines Company has announced a purchase of Inovor Technologies’ navigation system, Star Tracker, which will be integrated into SMC’s orbital servicing vehicle, Optimus. Star Tracker “will play a pivotal role in enhancing the navigation capabilities of Optimus” according to SMC, which plans to provide transportation and other in-space services following its…
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NASDAQ-listed electric vehicle charger manufacturer Tritium has ended speculation about the future of its Brisbane factory and announced that it will move production to Lebanon, Tennessee, in a bid to break even. In a statement this week, Tritium said it would be “consolidating its global manufacturing operations into its scaled plant in Lebanon,” as well…
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