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Eco InnovationNo 11. May 2013More Venture Capital for Hydrexia $3 Million Wind Energy Raising Fast Charger for Electric Cars
Relivit Raises First Round Capital Wind Powered Water Pump Managing Building Energy a Winner More LED Lights from LIFX Commercializing Hydrogen Production Huge Oilseed Plant at Wagga
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Queensland
company Hydrexia has received a venture capital investment of $9.25
million from the Southern Cross Renewable Energy Fund and ALIAD, a subsidiary
of Air Liquide. The Southern Cross Renewable Energy Fund invested $4.5
million. Hydrexia has previously received venture capital from GBS Venture
Partners. 
Renewable
Energy Solutions Australia (RESA) is looking to establish and outsource
large scale production of its inverter products, expand the manufacture
and distribution of its wind turbines, and commence international marketing
and distribution of the inverters and turbines in the US, Japan and
UK. 
A
Queensland company has designed a fast charger for electric cars. Manufacturer
Tritium says the Veefil can charge electric vehicles to 80 per cent
capacity in under 30 minutes. "Reducing the charge time of an electric
vehicle from eight hours to less than an hour is a game changer and
will be a major boost for the electric car industry," said Parliamentary
Secretary for Climate Change, Industry and Innovation, Yvette D'Ath.
The Veefil has a small footprint and can be installed in hotels, car
parks, airports and shopping centres for easy access and fast recharging.
Oceanlinx
has unveiled the new design for its blueWAVE ocean energy unit that
it says is smaller, lighter and cheaper for deep water applications.
The company said continued development enabled it improve performance
while reducing overall costs. Each blueWAVE platform is rated at 3 MW
and above, which the company says is impressive and with clustering
is suitable for utility scale power generation. 
LIFX
has sold out the first batch of its innovative LED light on pre-orders
alone and has begun taking pre-orders for the second batch. The Melbourne
based company set up in San Francisco and is famous for raising $1,314,542
from 9,236 backers on crowd funding platform Kickstarter. It had initially
sought only $100,000 to fund the commercialization and manufacture of
the bulb. 
Riverina
Oils and Bio Energy Pty Ltd (ROBE) has developed a 170,000 tonne oilseed
crushing and edible oil refining plant at Wagga Wagga. The $150 million
plant became fully operational in February and is expected to create
around 80 direct jobs, over 500 indirect jobs and contribute significantly
to the region's economy.