Clean energy company MGA Thermal has secured an additional $5.7 million in funding, taking its recent funding round total to approximately $14 million. The company, which is demonstrating the scale and industrial capabilities of its thermal energy storage systems, was supported by returning investors including Main Sequence, Melt Ventures and new investor JEKARA. The funding…
Envirostream to recycle LG lithium batteries Battery recycler Envirostream has signed an exclusive three year agreement with LG Energy Solutions to recycle all its recalled lithium ion batteries collected in Australia. Envirostream, a subsidiary of Lithium Australia, expects significantly increased battery collection volumes equating to 140 percent of the company’s total in FY23. LG has…
MGA Thermal’s blocks go a simulated decade Thermal energy storage company MGA Thermal has announced successful simulation of ten years’ working life for its MGA Blocks. The Blocks are used to store and discharge heat, use a purpose-designed miscibility gap alloy, and are being rapidly cycled to help inform customers what to expect from storage,…
Energy storage company MGA Thermal has announced the raise of a further $8.25 million, including from existing investors Main Sequence, Varley Holdings and Melt Ventures, as it prepares to commission a demonstration unit for its thermal energy storage system. “We’re proud of our work and support received to date from the Australian Renewable Energy Agency…
@AuManufacturing concluded its Australia’s 50 most innovative manufacturers campaign this week with an event at the Clayton Hotel on Tuesday. Below is the introductory speech, reflecting on what came out of our four-month effort. I thank everyone in this room for coming out to this breakfast event, to meet with your peers, and to celebrate…
