Pumped hydro energy storage wins $610 million federal loan

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…

Billion dollar battery factory closer to reality

Magnis Energy Technologies (ASX: MNS) has reported positive progress by Imperium3 Townsville (iM3 TSV) developing a business case for a $2 billion lithium-ion battery cell gigafactory in Townsville. Magnis is one third owner of Imperium which said findings supported the radid development in both the business case and technical solution for a 12 GWh production…

Austrade markets Australian Agriculture 4.0

The Australian Trade and Investment Commission is focusing on Agriculture 4.0 as it markets local capabilities and products in this fast-developing area. The Agriculture 4.0 theme will help the global agricultural sector to be more profitable, efficient, safe and environmentally friendly, according to Austrade. “These technologies include biotechnology, smart farming, ‘precision for decision’ agriculture, robotics,…

Latrobe Magnesium protects its technology

Latrobe Magnesium (ASX: LMG) which is developing a project to produce magnesium metal in Victoria’s La Trobe Valley has extended protection for its unique technology with the granting of a patent in India. The patent, which adds to protection in Australia, the US, EU, China and Indonesia, protects the company’s 100 per cent owned electrolytic…

Why we need a real energy policy in one, easy graph

Analysis by Peter Roberts Anthony Pratt, Global Chairman of Pratt Industries and Visy Industries, has nicely summed up the drag energy policy has become on Australian manufacturing in an end of the year social media post. He shared the image below, comparing American and Australian industrial gas prices since 2008, with a simple message. “Glad…

Gas and fertiliser production gets closer at Leigh Creek

Leigh Creek Energy (ASX: LCK) is increasingly confident it can move from producing synthetic gas to fertiliser manufacture based on its operations at the former Leigh Creek coal fields in northern South Australia. Leigh Creek Energy succeeded in October in producing its first synthetic gas utilising in situ gasification (ISG) of the a major brown…

Not wiped out. Why Whyalla, of all places, now has a sustainable future

Whyalla’s “death notice” has been written a number of times over the past 40 years, beginning with the closure of the shipyards in 1978, continuing with predictions of doom in the lead-up to the carbon tax, and most recently, as what was once the BHP steelworks clung to life, suffocating in debt and despair under its next owner in 2016.