Eco Innovation

No 11. May 2013

More Venture Capital for Hydrexia
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. Read More

$3 Million Wind Energy Raising
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. Read More

Fast Charger for Electric Cars
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. Read More

Updated Ocean Energy Unit
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. Read More

Relivit Raises First Round Capital
Nappy recycler Relivit Holdings Ltd has reached its first round funding target, raising $400,000 in a five week campaign. The round was met through cash investments and a convertible note for services. Relivit turns used nappies into plastics for a wide range of products including building products. Read More

Wind Powered Water Pump
A Tasmanian company has received a Clean Technology Innovation Program grant of $157,739 to develop a water pump that is entirely powered by wind energy. Sedwyn Pty Ltd, which trades as SED Water Systems Australia, will use the funds to complete the development of a prototype. Read More

Managing Building Energy a Winner
Energy management software company, BuildingIQ, was one of 10 winners in the 2013 Bloomberg New Energy Pioneers Award for its cloud-based predictive energy optimization technology that can reduce heating, ventilation and air conditioning (HVAC) energy use in commercial buildings by up to 25 per cent. Read More

More LED Lights from LIFX
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. Read More

Commercializing Hydrogen Production
A Queensland company that has developed a new approach to hydrogen production has received an $86,900 Experienced Executive grant from Commercialisation Australia. AquaHydrex Pty Ltd will use the grant to hire an experienced chief executive and focus on production, developing international markets and raising capital. Read More

Huge Oilseed Plant at Wagga
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. Read More

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