What were the five biggest stories of the week? Here’s what visitors to @AuManufacturing were reading. 5) ASC pledges to work with striking workers but cuts pay offer – report Submarine builder ASC has acknowledged industrial action underway at its headquarters at Osborne Naval Shipyard in Adelaide and pledged to work for a mutually beneficial…
Electrolyser manufacturer Hysata has completed a record-setting Series B funding round worth $US 111.3 million (approximately $172 million) and led by bp Ventures and Templewater. Hysata announced an oversubscribed $42.5 million Series A round in August 2022, with the Series B seeing investors such as Bluescope’s venture business, BluescopeX, Virescent Ventures, the IP Group and…
The Australian Renewable Energy Agency (ARENA) has announced $59.1 million in funding supporting 21 R&D and commercialisation projects involving renewable hydrogen and low emission iron and steel. According to a statement from the federal government’s ARENA on Wednesday, the funding supports research teams “from some of Australia’s top universities, research organisations, startups and companies.” The…
Applications are open for Round 5 of the NSW government’s Physical Sciences Fund, which offers grant funding of between $200,000 and $2 million to assist commercialisation of devices and systems. Preliminary applications were opened on Tuesday for the program, which is administered by the Office of the NSW Chief Scientist & Engineer and has been…
University of Wollongong spinout business Hysata officially opened its new 8,000 square metre global headquarters and factory in Port Kembla and was awarded over $23 million in government support on Monday as it progresses its high-efficiency electrolyser towards commercialisation. The company, which closed a $42.5 million Series A round in August last year, said it…
The Clean Energy Finance Corporation (CEFC) has backed HydGene Renewables which has developed an alternative green hydrogen solution that turns biomass into hydrogen in a process that is both renewable and carbon negative. The HydGene technique uses novel biocatalysts to convert the sugars derived from organic waste, including agricultural waste, into valuable products like hydrogen.…
