WA launches AUKUS defence readiness fund
Western Australia’s government has launched a $2 million fund to help WA businesses break into the US and UK defence supply chains.
Altech Batteries funding progresses for German battery project
Altech Batteries has provided an update on funding for its CERENERGY sodium-chloride solid-state battery project in Saxony, Germany, according to a statement on Wednesday. The company said a large European bank was in the process of being mandated to provide debt funding, with the bank’s technical due diligence team conducting a final site visit. The…
Vic food makers get equipment electrification grants
The Victorian government has announced $10 million in grants to help the state’s food and beverage makers upgrade to electric alternatives for their equipment.
WA backs digital transformation of SMEs
The West Australian government has committed $6.6 million to drive the digital transformation of the state’s small to medium businesses.
QLD manufacturers to get gov funding boost
A new round of Made in Queensland (MiQ) grants has put $20 million on the table to help manufacturers grow in the state, while regional manufacturers have $5 million available to fund expansion.
Women a winner in Vic gov manufacturing grants
Funding has been granted to ten organisations across Victoria to help support more women entering the manufacturing and energy industries.
Arkeus secures seed funding to scale optical radar manufacture
Defence manufacturer Arkeus will scale manufacturing of its hardware-enabled software platform for search, intelligence, surveillance and reconnaissance missions. The optical autonomy company raised $4.45 million in seed funding from technology investors Main Sequence, Beaten Zone Venture Partners and Salus Ventures. The funding will help Arkeus scale manufacturing and enhance the capabilities of its core product…
Fortescue launches green capital arm
Fortescue Metals Group has announced the formation of a new green energy investment accelerator platform Fortescue Capital, headquartered in New York City. The company named Robert Tichio (pictured) as Chief Executive Officer (CEO) and Managing Partner of the group, which it described as the next step in Fortescue’s commitment to deliver green energy projects and…
Strong demand for community battery grants
The Australian Renewable Energy Agency (ARENA) has revealed a huge response under Round 1 of the Community Batteries Funding Program, with more than $3.5 billion of battery deployment projects seeking funding. Opened in April, ARENA’s round received 140 eligible applications across all states and territories, with a total grant request of $1.3 billion – more…
South Australian manufacturing industry to see massive funding boost
South Australia’s manufacturing industry is getting supercharged, as the state’s government launches the first round of its $122 million Economic Recovery Fund.