Today in our editorial series – Towards 3% R&D – Turbocharging Australia’s Innovation Effort – Dr Matthew Young looks at the Australian government’s aim of close to doubling R&D spending to the equivalent of 3% of GDP, and concludes it might be better to set a better goal. Advocating for an increase in Australia’s national…
Details
Western Australia’s energy transition is a winner in Western Australia’s 2024-25 State Budget which injects $500 million towards what the government calls a cleaner, affordable and reliable energy future. The new funding includes a further $324 million investment into the state’s main electricity network to supply power tp enable industry to expand. The investment will…
Details
The Whyalla steelworks blast furnace is idle and workers have accepted a temporary loss of pay following an incident during a routine shutdown operation. Owner GFG Alliance has confirmed that the blast furnace – Australia’s only source of steel rails and structural steel, had been closed since March due to an uncontrolled iron breakout which…
Details
By Michelle Grattan, University of Canberra The Albanese government is talking up the crucial role of gas as a transition fuel “through to 2050 and beyond”. In a gas strategy to be released on Thursday, the government envisages the fuel’s uses would change over time, as energy efficiency improved, renewables were firmed and emissions were…
Details
Critical minerals developer Cadoux has moved into rare earths processing through the acquisition of a 50 percent stake in emerging downstream processor Minhub Operations (MOPL). Under a two stage acquisition process Cadoux plans to move to 100 percent control of Minhub, which is developing the Minhub third-party downstream heavy mineral sands and rare earths production…
Details
Sponsored article According to Microsoft’s recent survey on business trends, nearly 9 out of 10 workers hope to use AI to reduce repetitive tasks in their jobs. But until recently, AI has been a commodity that few SMBs could truly invest in. In this article, we will introduce you to some of the Copilot features…
Details
Matched funding totalling approximately $450,000 has been awarded by the state government to 13 Tasmanian businesses under the fifth round of the Advanced Manufacturing Accelerating Growth Program. According to premier Jeremy Rockliff, the round brought the number of projects funded under the program to 51, with a cumulative $3.5 million in government assistance resulting in…
Details
Melbourne defence manufacturer Corvus Technology Solutions is preparing to transfer advanced defence technologies to Victoria to build the sophisticated suspension systems for the Army’s new Redback Infantry Fighting Vehicles. The company has opened a new office in Gyeonggi-do, South Korea to complete negotiations with Hanwha Defence Australia which will build the Redbacks at a new…
Details
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…
Details
A National Business Research and Development Strategy and Action Plan is the logical conclusion of our editorial series – Towards 3% R&D – Turbocharging Australia’s Innovation Effort. In this edited excerpt, Dr John Howard lays out the elements of the strategy. The full paper can be downloaded below. Australian business investment in R&D collapsed during…
Details