Eco Innovation Newsletter

Eco Innovation was a free monthly newsletter about Australia's unlisted cleantech companies and the commercialization of their innovative technologies and services.

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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No 10. April 2013

Energy Storage Project
Energy storage company Ecoult has won a grant from the Australian Renewable Energy Agency (ARENA) to improve its Deka UltraBattery technology that can deliver cost effective energy storage solutions for homes and businesses. The $480,000 grant is for a small/mid-sized storage pilot project to develop a prototype for three types of applications. Read More

The Sound of Chewing Termites
A dramatic reduction in the amount of pesticides needed to stop termites and other pests is possible with a technology developed at Edith Cowan University and now being commercialized. Engineering researcher Associate Professor Adam Osseiran has developed an environmental monitoring and protection device that uses wireless sensor networks to detect several species of pests. Read More

International Renewable Plastics Deal
Plantic Technologies is to supply plastic food trays made from bio-based renewable natural materials to Profish Food B.V. Netherlands, a European agent, processor and distributor of fresh fish. Plantic's eco Plastic trays comprise up to 80 per cent commercially grown natural raw materials certified as renewable material. It also has an oxygen transmission rate of less than one-tenth of one percent, creating ultra high barrier packaging materials that can significantly increase shelf life and improve product freshness. Read More

Biogas IPO to Raise $1 Million
A biogas project developer is looking to raise up to $1 million and list on the specialist SIM VSE stock exchange for early stage cleantech companies. The chairman of Utilitas Dr John Cronin says both gas and electricity prices are rising, yet each year we throw away enough food scraps, manure, sewage and other organic waste to power almost a million homes. Read More

Wave Power Commercialization to Speed Up
Bombora Wave Power, whose novel Wave Energy Converter Device (WECD) was one of five winners in the GE Ecomagination Challenge 2013, is to speed up fund raising and commercialization of the technology. The Ecomagination Challenge was open to all businesses, entrepreneurs and innovators to share their best ideas on how to reduce carbon emissions, and attracted 191 entries from Australia and New Zealand. Bombora won $100,000. Read More

Port Hedland Waste to Energy Project on Way
A 100,000 tonne per year waste to energy project is a step closer with the WA Environmental Protection Authority (EPA) recommending approval for the project. New Energy Corporation wants to build the plant at Port Hedland to process waste that would otherwise go to landfill. At full capacity, the Port Hedland Waste to Energy Project could produce enough energy to power the equivalent of 21,000 homes in the Pilbara. Read More

Fund Raising for Tyre Recycler
Tyre recycler Green Distillation Technologies is planning to raise $7.5 million to fund its first commercial plant ahead of a planned public listing in 2014, says a report by the Wall Street Journal. The company is commercializing a technology that can turn used tyres into carbon and oil and recover the steel without emissions. The company says the pyrolytic process is environmentally sustainable and energy neutral, and can reduce oil imports. Read More

Reducing Power Costs in Commercial Buildings
Launceston-based Definium Technologies has received a grant to help it develop technology to reduce the cost of power in commercial buildings. The $134,135 grant is under the first round of the Federal Government's $200 million Clean Technology Innovation Fund. Read More

Largest Biodiesel Plant to Open
The largest biodiesel plant in Australia is closer to restarting operations thanks to a $1.2 million investment by a Canadian biofuels company. The 150 million litre per year plant at Darwin, owned by Territory Biofuels Limited (TBF), was shut down in 2009 due to feedstock constraints. Read More

Outback Ecology Acquired by Multinational
Outback Ecology, an environmental consultancy for the natural resources and mining industry for over 20 years, has been acquired by MWH Global, a multinational consulting, engineering and construction services firm for the water, energy, natural resources and infrastructure sectors. Read More

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