Textile technology developer Xefco has raised $10.5 million in its latest funding round led by Australian deep technology fund Main Sequence Ventures backing its technology to reduce textile emissions. Xefco has been commercialising its patented water-free textile finishing and dyeing solution, Ausora, aiming to create a greener supply chain for the fashion industry. Other new…
The federal government is has announced major backing for the Kathleen Valley Lithium Project in Western Australia which will produce lithium concentrate from later this year. It is expected to create around 900 jobs during construction and around 450 ongoing operational jobs. With $110 million from the Clean Energy Finance Corporation (CEFC) and $120 million…
By Peter Roberts Those questioning the effectiveness of the federal government’s $15 billion National Reconstruction Fund need to look no further than the success of the Clean Energy Finance Corporation initiative. But don’t expect rapid results – the CEFC took a decade to pick up steam and only now is showing the power of catalytic…
The decarbonisation of Australia’s mining and metals refining sector is picking up pace with BHP’s giant Olympic Dam copper mine and metals refinery in South Australia turning to solar power and battery energy storage. The Clean Energy Finance Corporation is investing $99 million to boost to Neoen’s Goyder wind farm – which will provide electricity…
Ark Energy has released images of the ceremony marking the groundbreaking for its planned green hydrogen hub in Townsville, Queensland. Townsville state MP Scott Stewart, Mayor Jenny Hill, partners, suppliers, contractors and key stakeholders joined company executives to celebrate the start of construction of Stage 1 of SunHQ H2 Hub. According to Ark Energy: “So…
Renewable Metals, a recycling technology startup, has closed an $8 million capital raise led by venture capital firm Investible and the Clean Energy Finance Corporation to scale and commercialise its lithium-ion battery recycling method. According to a statement from the CEFC – which invested via Virescent Ventures – the round will support development of a…
The federal and Western Australian governments have signed a landmark agreement to expand and modernise electricity grids in Perth, the South West and the North West Pilbara region. The Commonwealth-Western Australia Rewiring the Nation deal will bolster WA’s energy security in preparation for increasing use of renewable energy and battery storage. It will be backed…
The CEFC has provided an update related to its 2022/23 year, with $1.9 billion in new investment commitments made, including a record $1.2 billion in renewable energy and grid-related projects. According to CEO Ian Learmonth, the $1.2 billion helped bring forward large-scale solar, wind and storage projects with a total transaction value of $5.7 billion,…
The Australian Gas Infrastructure Group (AGIG) has reached financial close on its Hydrogen Park Murray Valley development in Wodonga, Victoria (pictured). This comes after more than $51 million in government support was announced for the construction and operation of a 10MW electrolyser which will be eight times larger than the biggest electrolyser currently operating in…
By Peter Roberts The Clean Energy Finance Corporation – which styles itself as Australia’s green bank – is to receive $20.5 billion in new capital from the federal government to accelerate progress towards net zero emissions by 2050. This acknowledgement of the success of the CEFC model comes as the corporation survived efforts to abolish…
