Thermal energy storage developer 1414 Degrees has evaluated its TESS molten silicon technology for energy storage under scenarios linked to additional battery storage. The company, which is developing the Silicon Aurora project near Port Augusta in South Australia, found the project would generate higher revenues by combining thermal (TESS) and battery enetrgy (BESS) storage. The…
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Anti-infective drug developer Recce Pharmaceuticals has received commitments from investors for $27,950,000 to be raised in a placement of shares. The capital raising will fast track commercialisation activities and fund human clinical trials. The company has been developing broad spectrum synthetic drugs which have achieved ‘positive results’ in pre-clinical laboratory and animal tests on E.…
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By Peter Roberts Standing in front of Chateau Tanunda in the Barossa Valley yesterday hit home a lesson of the past – where there is trouble, there is also opportunity. The Château’s origins go back to the decimation of Europe’s, and Australia’s eastern states’ vineyards by the fungal root disease phylloxera in the 19th century.…
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Sports legends Ricky Ponting and Michael Klim are involved in a new website selling only products locally manufactured by Australian owned companies. The pair are fronting the launch of the Buy Aussie Now site tomorrow with Australian-made products from 5,000 business in categories from wine to homewares, personal products, and consumer goods. Ex-cricketer Ponting is…
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ASX-listed agricultural chemical business Nufarm has announced a full-year net loss of $456 million, down from a $38.3 million profit a year ago. The results included $215 million in impairments from its European assets, and the sale of its South American operations to Sumitomo Chemical for $1.2 billion, completed in April. “The agricultural markets in…
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The Western Australian government has announced $18.3 million in programs to build defence industry skills, which it says aims to attract more defence manufacturing work to the state.
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By Peter Roberts The federal government will today unveil a $3.5 billion upgrade plan for the National Broadband Network to extend fibre to more homes in a tacit admission that its strategy of delploying copper was flawed. The upgrade will take fibre deeper into neighbourhoods now serviced by fibre to the node plus copper to…
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Apprenticeship starts slumped during the March quarter continuing a long-term decline as the Covid-119 pandemic affected businesses nationwide, according to new figures from the National Centre for Vocational Education Research (NCVER) Apprentice starts fell 11.0 per cent in the quarter to 49,015, with commencements for the year to March 31 down 7,7 per cent on…
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China export specialist Jatcorp has developed a range of new products for its Asia-focused dairy, wellness and consumer goods businesses and signed a new China distribution deal. Jatcorp (JAT) , formerly Jatenergy, told investors in a business update that it had expanded sales to Taiwan and Vietnam, while also signing a deal to sell a…
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Advanced Composite Structures has delivered a composite hydro-electric turbine blade (pictured above, and below) to renewables and hydro power developer, Kinetic NRG. ACS Australia designed and manufactured the cost-effective and light-weight solution, replacing a proposed metallic turbine blade design which could not be manufactured to meet the required dimensional accuracy. The Port Melbourne company developed…
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