The federal government has announced a $5 billion Net Zero Fund aimed at supporting the decarbonisation of heavy industry, to be delivered by the National Reconstruction Fund (NRF) with capital drawn from the existing $15 billion program. The announcement on Thursday coincided with the government’s release of its 2035 climate target – a 62-70 per…
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Green Gravity and Wollongong Resources have announced execution of a binding agreement for gravitational energy storage trials at the Russell Vale mine. The pair previously signed a Memorandum of Understanding, announced December 2023, and have since worked closely to assess the Russell Vale site for suitability in accommodating gravitational energy storage. According to a statement…
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Counter-drone business DroneShield has announced that it has passed a milestone of 4,000 systems sold worldwide, with two new standalone contracts totalling approximately $7.9 million for delivery to the U.S. Department of Defense. According to a statement on Wednesday from DroneShield – which announced earlier this month that it is joining the ASX200 list –…
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Federal government lowers fees for offshore wind developers The federal government said on Tuesday that it’s “cutting financial burdens and red tape for offshore wind development”, and for the next two years will reduce application fees for transmission and infrastructure licences from $300,000 to $150,000. According to a statement from energy minister Chris Bowen, fees…
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Turbine Solutions is the third company to get backing via the Western Australian Government’s Wind Energy Manufacturing Co-Investment Program, receiving $453,230 in support. According to a statement on Wednesday from the Advanced Manufacturing Growth Centre (AMGC), which administers the program, the co-investment will support the company’s transition into the wind energy sector. It will also…
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UNSW researchers have developed a novel, water-based spray coating that makes cotton materials slower to catch fire, though “without altering the fabric’s softness or breathability”. According to a statement from the university on Wednesday, the formula has been developed over two years by a team led by Professor Guan Yeoh, and has been supported through…
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The federal government has announced funding budgeted at $1.1 billion “to help unlock the vast economic opportunities” offered by low-carbon liquid fuels, and claiming that the nation “has the ingredients needed to make cleaner liquid alternatives to fossil fuels” made from materials such as agricultural waste. Citing Clean Energy Finance Corporation (CEFC) estimates, the government…
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A new project aiming to improve how women “are hired, supported at work, and promoted into leadership roles” at manufacturing companies has been launched at the Central Coast. According to a statement from skills minister Andrew Giles (pictured) and others on Tuesday, the ManufactHER: Empowering Women, Transforming Advanced Manufacturing project is being delivered and led…
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Manufacturing activity is back in contractionary territory, according to the quarterly ACCI-Westpac Survey of Industrial Trends, reflecting “broad-based softness across output, new orders and [the] labour market”. According to a statement from the Australian Chamber of Commerce and Industry on Tuesday, the Actual Composite result in the survey slipped from 51.5 in Q2 to 48.8…
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Haigh’s Chocolates, the 110-year-old, family-owned maker of premium chocolate products, has officially opened its new $120 million, 18,000 square metre facility at Adelaide’s Salisbury South. Construction of the new production, warehouse and online fulfillment facility was announced in late-2023. The now-opened site represents the company’s biggest-ever single investment, is currently producing 1,100 tonnes of chocolate…
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