Australian renewable energy company Vast Solar is part of a US grouping that has received US$2.3 million from the US government to develop its concentrated solar thermal power (CSP) technology. The company is developing modular solar thermal power, utilising liquid sodium as the solar heat transfer fluid. This is being deployed in VS1 in Port…
Wellnex Life gets access to medicinal cannabis market Health and wellness product company Wellnex Life has gained access to the medicinal cannabis market, with its joint venture partner OneLife Botanicals acquiring medicinal cannabis producer MediPharm Australia. Wellnex hopes to enter the market by the end of 2022 and be one of the first to market…
Lockheed Martin Australia has joined forces with Australian secure communications systems developer C4i, signing a contract as part of a proposal to deliver advanced secure communication capabilities to support the RAAF’s AIR6500 Phase 1 Project (AIR6500-1). The contract will see the two companies work together to design, test, integrate and authenticate secure voice communication technologies…
Defence, space and communications manufacturer Electro Optic Systems has again failed to come to an agreement with major shareholder Washington H. Soul Pattinson that would secure its financial future. The company, whose share price has plunged as it faces a massive need for capital, is negotiating with WHSP a longer-term financing structure. The Canberra company…
The federal government has released an audit of major defence projects which shows big slippages in delivery schedules and major cost over runs. The government put a positive spin on the figures saying that it was ‘moving to rectify significant and systemic issues in the delivery of crucial Defence capabilities’. However this is difficult to…
QuantX Labs has reached a major milestone in the development of its flagship technology, the Sapphire Cryogenic Clock or Cryoclock for short. Following nearly two years of work upgrades and improvements, the technology has passed through a full acceptance testing and is ready for inclusion into the Jindalee Operational Radar Network (JORN). JORN is a…
The Victorian government is backing construction of a $43 million, state-of-the-art kombucha manufacturing centre in Dandenong, south east Melbourne. Remedy Drinks has combined all its operations, including research and development, manufacturing, warehousing and distribution into the new 18,000 square metre site – the same size as the MCG. Managing Director of Remedy Drinks Chris Gillard…
Victoria backs low carbon manufacturing Businesses are being supported to upskill and capitalise on opportunities to manufacture low carbon products, with a new Low Carbon Manufacturing Grant Program announced by the Victorian government. The $7 million program will help Victorian businesses become more competitive in a low carbon economy, while strengthening the state’s supply chain…
Adelaide solar panel manufacturer Tindo Solar and the University of NSW hwill work together to develop a novel agriPV solar panel that blends photovoltaic (PV) energy with agricultural function. The two organisations will build a commercially viable semi-transparent solar module that allows agricultural activities to be located beneath solar panel arrays, blending solar energy production…
The NSW Government will invest $110 million to activate new and emerging industries, drive high value jobs and help the state’s regions reach their economic potential. Deputy Premier and Minister for Regional NSW Paul Toole said the Regional Investment Activation Fund was aimed at making regional NSW the location of choice for private sector investment.…