Austal builds sustainment business with new contracts

Perth based global shipbuilder, Austal (ASX: ASB) is building up a lucrative business of long term sustainment for the ships its builds. The company’s latest contract, worth US$16.3 (Aud$23 million) is for post delivery sustainment of the Littoral Combat Ship (LCS) 20, the future USS Cincinnati. This is on top of a recently announced US$21.1…

Record year for renewables powers energy sector

2018 was a record year for new large scale renewable energy generation plants built in Australia, according to new figures from the Clean Energy Regulator. The regulator’s December Large Scale Renewable Energy target (LRET) market highlights, reported that large scale photo voltaic projects were the major contributor to accredited national capacity which has reached 3.3…

Labor sets aside $1 billion to create hydrogen industry

A Shorten government would provide $1 billion in funding to the Clean Energy Finance Corporation should it be elected in the 2019 election to kick start large-scale hydrogen energy exports. A day after promising to reform Australian industry participation in major projects, opposition leader Shorten promised to double the CEFC’s capital to $10 billion. One…

Automated kitchen manufacture close to reality

Mystery surrounds a major new force in the cabinet making industry, with photographs revealed of a massive ‘almost fully automated kitchen manufacturing facility approaching completion’. Well known machinery and automation CEO Gavin Dunwoodie, of Products for Industry group, posted the photograph above of the facility which had finishing touches completed over the New Year. Dunwoodie…