Solar battery system manufacturer RedEarth Energy Storage has raised $12 million from investors in preparation for a stock exchange listing planned for next year. The capital raising for the Brisbane company was led by Ord Minnett Private Capital, Perennial Value and Thorney Investments and will be used for R&D and to boost manufacturing capacity. RedEarth…
Global renewable energy company Fortescue Future Industries (FFI) has announced yet another green business venture – a joint feasibility study with fertiliser and explosives manufacturer Incitec Pivot for the conversion of ammonia production to utilise green hydrogen. The study, announced after a week in which FFI revealed plans for a $1 billion green equipment manufacturing…
The last few years have seen growing interest in “eating” end-of-life plastics, rather than mechanical recycling methods, for reuse. Brent Balinski spoke to Paul Riley, co-founder and CEO of Samsara Eco, which plans to open a factory next year with capacity to enzymatically process 20,000 tonnes of plastic annually.
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…
The Australian-made space weather satellite CUAVA-1 was deployed into orbit from the International Space Station on Wednesday night. Launched to the space station in August aboard a SpaceX rocket, a major focus of this shoebox-sized CubeSat is to study what radiation from the Sun does to Earth’s atmosphere and electronic devices.
The Defence Innovation Hub has awarded $8.4 million in grants to two companies, DMTC Ltd and QinetiQ to help them develop novel products for use by security and defence forces. $5.4 million has been awarded to Victorian company QinetiQ, which has partnered with the University of Melbourne to develop an innovative, deployable micro-grid that will…
Andrew Forrest’s Fortescue Future Industries has purchased a Dutch green hydrogen and solar PV business and announced a major expansion including plans to build a solar PV manufacturing plant in Australia. FFI has purchased a 60 per cent stake in Dutch-based High yield Energy Technologies (HyET) Group and provided the majority share of financing for…
Sydney-based start-up Ellen Medical Devices plans to utilise a federal commercialisation grant to manufacture a revolutionary new dialysis machine costing a fraction of traditional machines to build and just a few dollars a day to run. Such a machine would be a literal lifesaver for the millions around the world who are unable to afford…
By Peter Roberts A European Union funded consortium has released the final project report that the entire construction sector is waiting for – official confirmation that the technology developed by Australian company Calix offers the cheapest way yet discovered to de-carbonise the cement industry. Cement, along with steel, are seen as the most vital yet…
Finalists for two competitions have been announced this week, with manufacturers in the running to win awards at the InnovationAus 2021 Awards and Australian Technologies Competition (ATC21.) The InnovationAus Awards include 11 categories. The Advanced Manufacturing finalists are: – Bodd, an additive manufacturing start-up using 3D printing, body scanning and SaaS technology to reinvent fashion;…
