Helping Commercialize Australia's leading Environmental Ideas
- Year 2 No 5
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Listed Cleantechs Raise
Over $10 Million
All but $20,000 was by small cap companies listed on the ASX. There was no recorded activity by venture capital firms or angel investors. The only non-ASX activity was $20,000 raised by one company, Sundermann Water Power, on ASSOB.
The ASX listed cleantechs were solar energy developer Dyesol which raised $5.28 million, air and water engineer Clean TeQ Holdings which raised $2 million, geothermal energy developer Earth Heat Resources $1.95 million, consumer biodegradables manufacturer EcoQuest $0.58 million, solar tower developer EnviroMission $0.38 million, waste heat recoverer Enerji $0.38 million, tyre recycler Carbon Polymers $0.1 million, waterproofer Hydrotech International $0.07 million and environmentally friendly medical instruments disinfector Nanosonics $0.04 million.
Recent Capital Raising by
Unlisted and Listed Cleantech Companies
The largest individual raising was Dyesol's $3.9 million share purchase plan, while the most common method was placement, which were with sophisticated investors, an international corporate, private investors and broker clients. Other equity raising methods were redemption of convertible notes, debt conversion and employee options.
Water Turbine Raises Capital
Sundermann Water Power proposes to manufacture a low speed renewable energy turbine that can generate electricity from inland waterways and tides. It works in low velocity waterways such as rivers, and in tides can generate for up to 20.5 hours in a 24 hour cycle. It is said to convert water movement into power at a very efficient rate, and in the right location can provide baseload power. The Sundermann turbine has little impact on fish and very little visual impact.
The company has a test site
with Southern Rural Water in Gippsland, Victoria. Read
International Partner for
Clean TeQ Holdings
The funds are for project activity in the company's air and water divisions, and to support new opportunities, particularly in Japan where the relationship with Nippon Gas is said to be highly prospective.
The placement follows the formation of Associated Water Pty Ltd, a 50:50 joint venture between Nippon Gas and Clean TeQ to provide water desalination in the coal seam gas industry. Associated Water will use Clean TeQ's Continuous Ionic Filtration (CIF) technology as the basis of the desalination processes. Nippon Gas has invested $4 million in the joint venture and Clean TeQ has licensed its CIF technology.
Clean TeQ CEO Peter Voigt said "This support from Nippon Gas will enable Clean TeQ to accelerate the market entry of its extensive technology portfolio into new sectors and geographies providing shareholder value following many years of investment in research and development."
Nippon Gas president and CEO
Shinji Wada said "Clean TeQ owns technologies that can help in the
alleviation of many of the world's environmental issues, and Nippon Gas
sees many opportunities for collaboration between the companies in the
Australian and Japanese markets." Tokyo Stock Exchange listed Nippon
Gas is one of the fastest growing gas utilities in Japan and had 2011
revenue of $1.2 billion. Read
Australia's First Clean
Ignition Labs has a mentor group with experience in developing early stage businesses and excellent clean technology credentials. The mentors includes Peter Le Lievre and Andrew Tanner who sold thermal solar company Ausra to Areva in 2010 for $275 million; Neill Miller, an early investor in PCTools and Seek; Nic Lowe, the founder of car sharing company GoGet; and Ben Peacock, founder of sustainability strategy and PR firm Republic of Everyone.
Andrew Stead, director Business
Development at ATP Innovations. said entry into the Ignition Labs is competitive
with applications closing in May. The three-month program will start in
June. Businesses will gain access to $25,000 in seed capital, have intensive
hands-on mentoring, and participate in an investment roadshow in Australia
and the US. Read
The Role of Angel Investors
Crude Oil Alternative
Capturing Coal Seam Gas
Grant for Quiet Wind Turbine
Better Aircon System
Better Baked Chicken Plus
Low Toxicity Timber Floor
Australian Solar Institute
Announcing the grants, the Minister for Resources and Energy, Martin Ferguson, said the projects reflect Australia's excellent track record in developing game-changing solar technology. The ASI grants include:
* $437,243 to Vast Solar Pty Ltd and partners to validate performance modeling for a 1.2 MWth solar array with high temperature receiver and thermal storage. It aims to develop a central receiver concentrating solar thermal plant that can deliver Levelised Cost of Electricity of around $100/MWh.
* $1,750,000 to RayGen Resources Pty Ltd and partners to demonstrate the world's first pre-commercial pilot of a central receiver CSP system that uses photovoltaic energy conversion. Successful completion will help advance the technology to the commercialization phase.
* $667,500 to CSIRO to examine the feasibility of using concentrated solar thermal (CST) energy with carbon capture and storage systems on coal fired power stations. This includes developing a new solar thermal reboiler for post combustion capture plants and a novel storage solution for low emissions energy.
* $242,625 to CAT Projects and partners Power and Water Corporation and Azzo Pty Ltd to develop an improved estimate for the maximum penetration of grid-connect solar generators without energy storage.
* $2 million to Solar Systems Pty Ltd and partners to develop next-generation multiple-junction solar cells for utility scale concentrating photovoltaic (CPV) solar power stations.
* $3,461,677 to Chromasun Pty Ltd and partners to develop a pilot manufacturing capability for the Chromasun Micro-Concentrator (MCT) concentrating solar thermal (CST) product. This includes a pilot deployment to provide air-conditioning directly from sunlight, and chilled water and heat for boiler feedwater. Phase 2 will see installations that will simultaneously provide electricity and hot water.
* $770,000 to Granite Power Ltd and partners including NEP Solar Pty Ltd, Yokogawa Australia, and Turbo Power Systems to develop and test a small scale concentrating solar power (CSP) system and storage. The CSP system involves proven Organic Rankine Cycle technology called GRANEX.
* $1,585,853 to CSIRO and partners to increase the efficiency of solar hybrid fossil fuels by developing new catalysts and membrane reactors to make the fuels at low temperatures compatible with conventional solar thermal storage. The syngas will be suitable for electricity production in gas turbines and for making liquid transport fuels.
* $689,500 to Barbara Hardy Institute and partners including the Whyalla Solar Oasis Consortium and AORA Solar to establish a world-class high temperature thermal storage test facility to test prototype high temperature storage systems and reduce the cost of high temperature, high density storage systems.
* $225,715 to CSIRO and partners Ergon Energy and GWA Group to develop and prototype a world-first 'firm' solar system that uses a solar energy management controller and when needed can reduce the load on the network by replacing the conventional electricity load with solar and gas back up to power an airconditioner.
ASI investment director Olivia
Coldrey said the projects reflect the range and high quality of solar
research and development around Australia, and the majority are industry-led.
Ms Coldrey said ASI investments in developing solar technologies have
to date leveraged partner contributions almost three-fold, resulting in
a total leveraged portfolio value of almost $260 million. Read
Improving Solar Cell Efficiency
ASI executive director Mark
Twidell said Silanna used ASI funding matched with its own investment
to demonstrate efficiency improvements to help reduce the cost of solar
technology. "Silanna is a great example of how ASI is able to assist
Australian manufacturing companies to diversify and drive innovation in
photovoltaic technology," he said. "Silanna's innovations, when
commercialized, will be suitable for concentrating photovoltaic applications
including power plants and spacecraft." Read
Recycling Car Batteries
The company will finalize the economic and technical evaluation of the project including the likely feed streams and the products in the next few months. Subject to the above outcome the construction of the new plant could commence in early 2013. The project is expected to cost about $4.6 million.
The grant is under the first round of the lllawarra Region lnnovation and lnvestment Fund (lRllF).The balance of the project cost will be funded from internal resources and a capital equipment finance arrangement.
Organic Recycling Upgrade
Round 2 of Illawarra Region
Innovation and Investment Fund
The $30 million Fund supports the Illawarra region by stimulating investment and diversifying its economic and employment base. It funds new investment that creates quality, skilled and sustainable job opportunities in the Illawarra region.
Eligible investment includes creating new or additional business capacity to enhance employment, business and economic opportunities in the Illawarra Region.
IRIIF was established by the
Australian and NSW Governments and BlueScope Steel following BlueScope's
restructure of its operations and subsequent job losses in the region.
BioGill Agent Wins Clean-Tech
Clever Green Eco-Innovation
The program encourages South Australian manufacturers and local innovators to partner and adopt environmentally-sustainable strategies. Tom Koutsantonis, the minister for Manufacturing, Innovation and Trade, said funds from the program must be used by two or more manufacturing or service companies to minimize the environmental impact of their business and promote sustainability.
Two types of funding are offered:
a grant for a pilot plant, infrastructure or to introduce new technology
based on a dollar-for-dollar co-contribution of up to $350,000; and a
fully-funded feasibility or business development study grant to identify
and quantify the costs and benefits of implementing resource efficiency
or waste minimization projects. The Clever Green Eco-Innovation program
will run until 30 June, 2013. Read
Funding for Victorian Hydro-Electric
Cetus Energy's blade turbine system can harness the power of open water flows from multiple directions, where conventional hydro power plants can only harness water flowing in one direction and thus miss out on potential energy. "This exceptional Victorian-developed technology can extract significant energy from outfall flows that cannot be tapped by normal hydro power plants," said the minister for Energy and Resources, Michael O'Brien.
The Rubicon Hydroelectric Scheme
commenced in 1922, and was the first state-owned hydroelectric scheme
in mainland Australia. Cetus will install a 100 kilowatt system in the
outfall flows of the Scheme, with 10 turbines drawing energy from the
water flowing in the channel system. The project aims to demonstrate the
ability to add significant electricity generation capacity to existing
hydro-electric assets without the need for major infrastructure investment
or upgrades. Read
Direct Use Geothermal for
Heating and Cooling
The University of Melbourne will install direct geothermal heating and cooling systems into 30 to 40 buildings across Victoria as part of the project, which will cost over $3.8 million. Performance will be used to educate building trades, industry and developers about the potential for direct geothermal heating and cooling systems to be installed during construction; develop design guidelines for systems suited to Victorian conditions; and inform the development of an Australian Standard for the installation of direct geothermal.
"The long term goal of
the project is to develop direct geothermal into a commercial technology
that will rival conventional systems to heat and cool buildings,"
said the minister for Energy and Resources, Michael O'Brien. Read
Innovation Voucher Winners
Wintermute Metals Pty Ltd is developing a more environmentally friendly process to recycle platinum group metals from car wrecks and exhausts, while Cocky Smart Pty Ltd is engaging a commercialization expert to progress an environmentally friendly, safe and effective repellent against flystrike in sheep.
Under the program. companies
receive up to $20,000 to undertake research and development, product development,
technology transfer, intellectual property or commercialization support
services. The grant is used to engage professional skills and services
to help turn innovative ideas into a commercial reality. Read
Clean Energy Finance Corporation
The CEFC will focus its investments on renewable energy, low-emissions and energy efficiency technology, as well as manufacturing companies that produce the inputs.
Secondly, it will apply commercial rigor to its investment decisions. Investments must be beyond the research and development stage, have a positive rate of return and have the capacity to repay capital. The CEFC will manage risk to achieve a target rate of return and aim to be financially self-sufficient.
Thirdly, the CEFC will examine financial barriers and determine whether an investment can be structured to overcome those barriers. Investment proposals will be assessed on a case-by-case basis. In tailoring investment the CEFC will be able to provide funds; change the allocation of risk among participants; lengthen the available duration of loans; and offer an appropriate concessional cost of fund. Its terms will be the least generous required for a project to proceed.
The CEFC will bring rigour in assessing its investments, but will also facilitate transactions where they may face barriers to private investment. The CEFC will be established through legislation in the coming Budget to enable it to commence investing from 1 July 2013.
The Review Panel, led by Ms Jillian Broadbent AO, was appointed to advise on the design of the $10 billion CEFC, which will play a crucial role in driving the investment needed to develop and deploy new clean technologies, said the government.
The CEFC will be based in Sydney.
The CEFC report has been welcomed
by many industries. For example, the Australian Solar Energy Society (AuSES)
said it provides the foundation for substantial investment in community,
commercial-scale and Big Solar. The report is Here.
Finance Heavyweights Support
Clean Energy Finance Corporation
Interviewees indicated the CEFC should ideally "act as a co-investor to help unlock capital from large institutional investors, major banks and international markets".
Clean Energy Council acting Chief Executive Kane Thornton said the $10 billion CEFC would help to overcome the "fear of the unknown" faced by new technologies when they were seeking investors. "Investors are keen to support new clean energy technologies, they just need the CEFC to help share the investment load and to take a longer term view," said Mr Thornton.
"Like all new energy technologies, private investors alone won't deliver the full finance necessary to scale up to commercial operation. The CEFC should play a role in sharing a part of the risk associated with new technologies, in order to turbo-charge the development of clean energy in Australia," he said.
The Deloitte study helped to
identify potential financing gaps and market failures where the CEFC could
be most effective, including: projects in the capital intensive phase
of technology development, smaller scale projects which don't meet the
requirements of major banks for financing, reluctance to invest in technologies
with no track record, and capital for technologies such as grid transmission,
storage and smart grids. Read
Queensland Government Axes
The Liberal-National government has cut $75 million in state funding for the Solar Dawn solar thermal project near Chinchilla, part of the Federal Labor government's $1.2 billion Solar Flagships Program. This may put the project at risk.
Mr Newman will also axe seven other green schemes, These are the $430 million Queensland Climate Change Fund, the $50 million Renewable Energy Fund, which supports the Geothermal Centre of Excellence, the $50 million Smart Energy Savings Program, which helps businesses improve energy efficiency, the Waste Avoidance and Resource Efficiency Fund, the Local Government Sustainable Future Fund and Solar Initiatives Package, and the Future Growth Fund which last year put $405 million towards transport and water infrastructure, clean-coal technology and climate change projects.
Mr Newman said he axed the programs because the carbon tax will make them redundant, perhaps suggesting he thinks that his Liberal party colleague Tony Abbott will not win the next federal election. Mr Abbott has vowed to end the carbon price.
Mr Newman also closed the ClimateSmart
Home Service program early seven months early, but will retain the solar
feed-in tariff. Read
Grant to Assist Geothermal
National ICT Australia Ltd's data fusion initiative will take existing geothermal data from a wide variety of sources and apply modern statistical machine learning and data fusion methods. The result will be software that improves the process of exploration, discovery and characterization of geothermal targets for the benefit of industry.
This is the first project to
be funded under the Australian Government's $126 million Emerging Renewables
Program managed by the Australian Centre for Renewable Energy (ACRE).
It has received support from several universities, key Australian industry
players and the South Australian Government. Read
Victoria's Cleantech Industry
The research will assist the government to understand cleantech in Victoria, including barriers and opportunities, and ensuring that any future industry development activities are focused on high growth, high value-add areas.
Cleantech companies, R&D institutions, advocacy organizations and investors can participate through a web-based survey that takes about 15 to 20 minutes to complete. Companies can register their interest in doing the survey by emailing to: email@example.com with 'DBI Cleantech Study' in the subject line, or phoning Kristy Riddell on (03) 9412 5116.
Review of Waste to Energy
Environment minister Bill Marmion said the study will look at technologies including gasification and incineration and the way facilities are designed, operate, their emissions and their regulatory framework.
It will focus on the processing of mixed non-hazardous waste including municipal refuse and commercial waste and low level hazardous waste such as tyres, paints and common solvents. It would not look at high level hazardous waste or hospital waste.
The minister said waste to energy facilities are an important way of ensuring waste is used for a social and economic purpose rather than being dumped in landfill. Advice from review is expected to be published by EPA by end of year
Australian Innovation Festival
In his Introduction to the Australian Innovation Festival, Mr O'Farrell writes "Now, more than ever, it is critical we strive to achieve and celebrate new innovations. The Australian Innovation Festival helps us do that by showcasing the best of Australia's entrepreneurial spirit. The Festival's 2012 theme, Creating the Knowledge Economy, signals the way forward as Australia transitions to an interconnected knowledge economy where expertise is as critical as other economic resources."
The premier said NSW is building
our knowledge economy through its 10 year strategic plan, NSW 2021 - A
Plan to make NSW number one. Read More on the Australian
Innovation Festival and on NSW
2021 - A Plan.
R&D Tax Incentive Requirements
The minister assisting for Industry and Innovation, Senator Kate Lundy, said the new R&D Tax Incentive represents the biggest reform to business innovation support in more than a decade.
The R&D Tax Incentive increases the rates of support for eligible research and development activities. For small and medium sized businesses with annual turnover of less than $20 million the rate of support above the normal tax deduction has doubled from 7.5 cents in the dollar to 15 cents in the dollar - a total tax offset of 45 cents in the dollar.
"This is particularly helpful for small and medium sized businesses seeking to improve their productivity through innovation," Senator Lundy said. The publication is Here.
Predictable Tidal Power
"Our licensees in these key markets have the resources and expertise to take the technology to the next stage of full commercial deployment," said EET chairman, Kim Lyle.
"As a company whose core business is devising innovative renewable marine energy technology, we have focused on the principle that the keys to successful commercialization lie in the timely delivery of a superior product that outperforms all current alternatives at the lowest capital, installation, operating and maintenance costs.
The SeaUrchin can be mass produced from proven, inexpensive materials and components used by boat builders and marine electrical equipment makers. Importantly, it has only one moving part and is expected to be around half the cost of competing marine generators to manufacture, install and maintain.
The Third Generation SeaUrchin technology addresses the problems of previous designs and adds solutions to maximize power extraction from free flowing water, including ocean currents, tides, rivers or canals.
Elemental Energy Technologies has a portfolio of patent applications, research and proprietary know-how for a simple and efficient, environmentally-friendly marine Vortex Reaction Turbine Generator. The generator exploits the principle and power of an ocean whirlpool. It can harness up to four times more power and is up to 70 per cent more efficient than many conventional propeller driven tidal generators.
The SeaUrchin concept has been researched and proven over the last seven years. Prototypes were developed by an Australian-led international engineering team and designed, manufactured and tested in Newcastle and Pune in India.
"The SeaUrchin is ecologically
sound. It can't be seen from the shoreline and has little environmental
impact on either the sea floor or marine life," said Mr Lyle. Read
Algae Pilot Plant
The pilot demonstration plant will produce 165 tonnes of algael biomass per year, including enough oil to produce 100,000 litres of biodiesel. It will have a low cost gravity fed pond system and red LED algae photobioreactors to increase algae density. The facility will have oloid pond mixing nanotechnology, local saline algae species, use waste from onsite native food fish, and have biofuel processing facilities,
Algarythm says it is committed
to producing a turn-key solution for algae based biofuel production suitable
to the agriculture, mining, waste water and aquaculture industries to
ensure that any waste produced from the processes involved can be utilized
and turned into a revenue stream for any company with a resource based
Better Place to Recharge
Better Place uses only renewable
energy in its electric car network, and has so far installed nearly 100
charge spots across Australia. Read
The technology was the winning entry in the ABC's 2006 The New Inventors program. It can treat grey water, sewage and wastewater from aquaculture, and food and beverage processing. It also has potential for cleaning water on ships, offshore platforms and remote islands with sensitive environments.
Sydney based BioGill Environmental said the biogills work by gravity feeding wastewater and grey water over above-ground Nano-Ceramic Membranes, which provide oxygen-rich conditions for bacteria and fungi to multiply, resulting in accelerated treatment and using considerably less energy than conventional wastewater treatment systems.
Minister for Science and Research,
Senator Chris Evans, said "Selling the intellectual property allows
this company to continue to grow and attract substantial overseas interest
and investment. Read
Australian Wind Technology
"It's an absolutely massive project - in renewable energy terms it's the equivalent of discovering a major oil field. It will supply 20-30 per cent of all Kenya's power needs, and potentially neighbouring East African countries," says John Sutton, of CRC CARE and Curtin University, who developed the sophisticated lidar analytical technology.
"It's in really unusual country, very hot, dry and windy - like parts of Australia. The project needs detailed models and maps of the wind flow over this complex terrain to design the farm and place the turbines in the best locations. Our technology was able to measure the wind field at points every 100 metres across the entire landscape every 10 minutes with precision. The results were used to validate the models being used to design the wind farm.
"This is truly powerful
technology. The wind farm means the economies of Kenya and East Africa
can now accelerate their economic development. That in turn will bring
a profound change to the lives and opportunities of millions," he
Water Treatment Acquisition
Hydramet has 48 employees and
operates in WA, SA, NSW, Tasmania, NT and Victoria. It has a strong presence
in the Goldfields and Pilbara in WA where it operates a large number of
facilities. It provides a one-stop shop for design, supply, installation,
training, maintenance and support, and annual or long term maintenance
and servicing contracts on all its water treatment systems. This enables
synergies with TRILITY, which has significant market share in the municipal
market for the design, construction and operation of water and wastewater
treatment plants. Read More about TRILITY
and about Hydramet.
Glass Recycler to Expand
Colmax produces glass in a variety of colours and grain sizes through what it says is a world leading technology. The glass is sold directly to major manufacturers for products such as fibreglass insulation batts, glass bottles, road surface lane marketing, water filtrati on material and abrasives blasting media.
Revenue has increased from
around $250,000 in 2007 to just under $4 million last year, and is forecast
to achieve $4.5 million in 2011-12. Colmax has been expanding since its
inception in 2005 and is looking for new equity investors through Wholesale
Investor to help fund and share in its growth. Along with four plants
in Australia, Colmax is also looking to expanding in suitable markets
China's 700 Million Pigs
CRC CARE managing director professor Ravi Naidu said the new technology can produce clean energy (biogas), fertilizer and other valuable products. Currently only about a tenth of China's piggery waste is treated. The nutrients lost in the waste of one pig alone are worth about $50 a year, but there is no technology in place yet to recover and this resource, he said.
Professor Naidu says the joint
project has developed a two-step underground anaerobic bioreactor, and
established the settings for load and digestion time. It has identified
a particular combination of anaerobic treatments that can recover the
nutrients and produce clean biogas energy as well. "The technology
has been demonstrated in the field and is now being scaled up to treat
large volumes of wastes from a number of piggery farms," he says.
The technology is now moving to full-scale trials, and has potential applications
in other industries around the world. Read
Global GreenTag Accreditation
Other Certification marks on this level are WOOLMARK, The Heart Foundation Tick and The Buy Australia Kangaroo Mark.
"The Global GreenTag logo now further signifies the confidence, faith and trust consumers and professionals can have in any product carrying the Global GreenTag Mark. Any product now associated with the Global GreenTagCert Mark has a strong marketing edge within its industry. Its global, on-site audit and robust, whole of life cycle assessment based certification program eliminates any form of risk or doubt that the products' sustainability claims might be 'greenwash' increasing purchaser and specifier trust in manufacturers' brands," said Ecospecifier.
Product sectors covered by
Global GreenTag include building products, textiles and fabrics, papers
and packaging, paints, furniture and bedding and soon, personal and cleaning
products, sanitary and baby goods. It assists innovative manufacturers
to have their products recognized for their environmental qualities, and
gives green building professionals and consumers an easy to understand
rating system for green products. Read
Bantix Appoints National
Bantix Worldwide managing director, Andrew Coventry, said its M-Tech Mosquito Traps provide an environmental and proven alternative to the pest industry to help defeat the mosquito problem.
Bantix Worldwide has issued
a replacement offer document due to changes in the business that have
occurred over the past 12 months. Bantix is raising $1 million in return
for 19.6 per cent equity. The funding is to commercialize the mosquito
trap in the USA, which is the world's largest retail market. The company
is undertaking the raising on ASSOB and is being assisted by BlueMount
Capital (Qld) Pty Ltd. Read
Generation Biofuel Technology
CRI has exclusive global sub-licensing rights to IH2 technology, a commercially viable renewable fuel process developed by Gas Technology Institute (GTI), and which is ready for infrastructure investment. The companies have brought together Aquaflow's capability with algae, mixed and varied feedstocks, and CRI's IH2 licence to prove their commercial effectiveness in producing hydrocarbon fuel.
Aquaflow director Nick Gerritsen said "This is a robust and highly integrated technology package which can leapfrog other biomass to biofuel technologies because it goes straight to blended fuel stock and avoids intermediate pathways. We should be able to produce renewable hydrocarbon fuel that is equivalent to fossil fuel at a cost that is highly competitive with the current per barrel price of crude oil."
"The combination of Aquaflow multi-biomass feed and CRI IH2 technologies means that any biomass - algae, wood waste, agricultural waste such as vine prunings, invasive weeds like gorse or broom and solid waste, can be turned into renewable transport fuels. The technology is self-sufficient and means that regional fuel refining is now a real possibility."
Gerritsen says the next step is to secure investment. "Plans to demonstrate IH2 technology at the 5-200t/d scale are currently underway. We have a viable technology that's ready to go," he said.
Aquaflow recently welcomed Roger Gower and Anake Goodall to its board. Anake Goodall is an experienced chief executive officer, a director of Meridian Energy, a member of the Environmental Protection Authority, and an Adjunct Professor at the University of Canterbury. Roger is an experienced executive and company director, and was an executive at Air New Zealand, a former head of the Freight Group of Tranz Rail, and has a management consultancy business providing advice and capital to start-ups. Read More about Aquaflow and CRI Catalyst Company.
BuildingIQ With US Partner
Orlando Perez of Schneider
Electric said "We look globally for companies that we can bring to
the table for our clients
BuildingIQ was one of those companies,
we decided their technology was far advanced vs. the competition."
CO2 to Fuel Pilot Plant
NewCO2Fuels Ltd, headed by professor Jacob Karni and his group at the Weitzman Institute of Science, have developed the conversion technology that uses concentrated solar energy to dissociate carbon dioxide (CO2) to carbon monoxide (CO) and oxygen (O2). At the same time the system can also dissociate water (H2O) to hydrogen (H2) and oxygen (O2). The CO, or the mixture of CO and H2, is a syngas that can be used as a gaseous fuel in power plants or converted to liquid fuel such as methanol for possible use in motor vehicles.
Greenearth chairman Rob Annells said "We believe that our laboratory proven CO2 to Fuel conversion technology has the potential to allow the State of Victoria to further utilize its vast brown coal resources into the future by adopting this revolutionary new conversion technology when commercially proven.
"In addition by way of
our worldwide research and license agreement with the Weitzman Institute
of Science we have a potential opportunity to work with Victorian brown
coal export partners to adopt our technology in their countries and utilize
our States' brown coal reserves in a more environmentally friendly way."
Qponics Appoints Technical
Simon brings advanced knowledge and hands-on expertise in algal engineering, said chief executive, Dr Graeme Barnett. "His role will initially be part-time assisting the company in planning the integration of technologies."
Mr Tannock's background is
in biotechnology and environmental engineering and he is presently Project
Engineer at the University of Queensland where he is designing and building
an algal bioreactor system for the production of algal biofuels and biomass.
Simon holds degrees in biochemistry and horticulture and will submit his
PhD in environmental engineering in May. Read
Eureka Prize for Commercialisation
Value could include acceptable returns to capital providers, employment creation, payment to local suppliers, taxes to the Australian Government, and so on.
The Prize rewards the creator
of the value from the innovation - the entity responsible for its commercialization.
Joint applications between the knowledge creator and the commercialization
entity are encouraged. For example, between the scientist and university
spin-off company or a joint venture between a university and a corporation.
Judging criteria include demonstrated commitment to social and environmental
Wastewater Innovation Wins
The Bilexys technology converts wastewater into high-value chemical products including sodium hydroxide and hydrogen peroxide. It can be installed as an add-on to existing wastewater treatment sites and produce chemicals at the point of use, eliminating the shipping and handling of chemicals. The chemicals are potentially less expensive and have a lower CO2 footprint than traditional chemical manufacturing techniques.
Brisbane-based Bilexys (Eco Innovator March 2012) was formed by University of Queensland commercialization company, UniQuest, to commercialize an innovative wastewater technology developed at the university's Advanced Water Management Centre.
Manager and Bilexys Business Development Manager Paul Barrett said "This
award is excellent recognition of the commercialization journey Bilexys
has been on over the last few years, where we have translated an invention
in the lab to a prototype installed on a customer's site." Read
Prime Minister's Water Wise
Senator Don Farrell, Parliamentary Secretary for Sustainability and Urban Water, said "This is Australia's premier award recognizing water efficiency excellence in the commercial and industrial sectors, which typically account for between 15 and 20 per cent of all water used in Australia. I encourage any companies that can demonstrate notable reductions of water use, in comparison to similar facilities, to nominate for the award."
Judging is based on water savings and takes into account innovation, excellence in project delivery, and the ability for approaches to be replicated at other facilities.
The 2011 Award was won by Queensland-based landscape supply company, Nursery Traders. The company was recognized for water harvesting and recycling projects that reduced reliance on potable water by 98.5 per cent per hectare.
The Prime Minister's Water
Wise Award is part of the Water Efficiency Opportunities program, under
the Australian Government's Water for the Future initiative. Read
Smart Grid Simulation Technology
Simulait has been used in the water, energy and retail sectors to assist with strategy, policy, demand management, capital planning, micro-marketing, load forecasting and risk management.
ISD was recently awarded $50,000
through the South Australian Government's Cleantech Partnering Program
to enhance its cutting-edge software. Read
The Plastic Bottle Crusher
Founder John Cross said "I am passionate about recycling and educating people in recycling and I realized a great business advantage in this product with global markets." He said the research, development and engineering required to design and build the machine has been his greatest challenge, and climbing this intellectual property hurdle has been one of his key achievements so far.
The company was founded in 2010 and has two employees and revenue of $95,000.
His key advice is to always
obtain professional advice. "Find the best firm in each field required,
learn from them, always be friendly and you can get a lot more for your
Queensland Water Awards
Innovation Centre CEO, Mark Paddenburg said "In these economically challenging times, entrepreneurs have to do more work to gain recognition and attract investment in the increasingly competitive environment, which is why opportunities like this are important."
The top ten entries were shortlisted
and presented to an audience and a panel of potential investors, similar
to the popular TV show, Dragon's Den. The finalists were then be given
the opportunity to further impress the judges, venture capitalists and
angelinvestors in a final pitch. Read
Key awards are for the successful development and production of a new technology to improve the production or efficiency of clean energy, and to improve water, and waste or recycling efficiency. There are also awards for sustainability achievements by business.
The 13th annual Green Globe Awards will help entrants to gain public recognition at the highest level in NSW; showcase innovative work, expertise and vision; network with industry, government and environmental leaders; share ideas with key stakeholders; and build their corporate reputation.
Entries close 7 June. The finalists
will be announced in August, and the winners presented at an invitation-only
ceremony hosted by the Minister for the Environment in September. Read
The Minister for Tourism, Martin Ferguson, said "The Australia's National Landscapes Project will help the Australian tourism industry better develop engaging nature-based tourism experiences to increase visitation to some of Australia's most distinct and rich environments."
The $1 million project will help provide visitors with the unique nature based experiences, which could heli-hiking, cycling trails or "voluntourism" opportunities. It will also address the nuts and bolts of strategic planning, regional tourism development and product development.
Minister Ferguson said there was still enormous untapped tourism potential in Australia's extraordinary natural landscapes. The government wants to help operators around the National Landscapes to come together, better coordinate development opportunities, and enhance the value of tourism to regional economies.
Applications for grants close
30 May. Read
Supercharged Safflower With
Breakthrough research at CSIRO has produced safflower seed oil that contains more than 90 per cent of this fatty acid, the highest level of purity of an individual fatty acid currently available in any plant oil.
Dr Allan Green, Deputy Chief of CSIRO Plant Industry, said the breakthrough safflower oil combines high-purity for industrial chemical production with tremendous stability for direct use in industrial lubricants and fluids, creating a versatile, valuable industrial raw material.
The future global demand for high purity oleic acid oil could require over 100,000 hectares of this 'super-high' oleic safflower, which is comparable to the size of the cotton industry in Australia. Dr Jody Higgins, Senior Manager Commercial Grain Technologies at the GRDC, said the breakthrough could create a new crop industry in Australia, initially suitable for farmers in northern NSW and southern Queensland.
The CSIRO team used gene silencing
technology to boost the level of desirable oleic acid in the seed by switching
off its conversion to the undesirable polyunsaturates. Read
Green Cap for Contaminated
The CRC for Contamination Assessment and Remediation of the Environment and technology firm FibreCell Pty Ltd used a combination of a clay cap and giant reeds to seal an old landfill.
The Leader of CRC CARE's Prevention Technologies Program, professor Nanthi Bolan said "The giant reed reduces the amount of water which enters the old landfill. This in turn reduces organic decomposition which leads to greenhouse emissions from the landfill, and it prevents toxic chemicals and heavy metals from leaching out of the landfill."
The giant reeds grow so fast they can be harvested for use in producing electricity or methanol for use as a fuel, or biochar for use for carbon sequestration and as a soil improver in agriculture.
"This makes the process
of cleaning up an old toxic dump useful and potentially quite profitable,"
Australian Cleantech Review
The report is published by Australian CleanTech, a research and advisory firm that works for cleantech companies, investors and governments to deliver both an understanding of and growth in the sector.
John O'Brien, managing director of Australian CleanTech, said "This is the third version of Australian Cleantech Review and it has been used extensively by investors and governments wanting to understand the sector. This year we have expanded the coverage of companies to provide a more detailed profile. We have found that it is already a significant sector and one that is growing fast."
The analysis of 1,160 Australian
cleantech companies reviewed shows the leading sectors of activity and
which regions are most active. As a sector, the companies had combined
revenue of $26 billion and employed 45,000 people. They were involved
in capital transactions totaling $2.9 billion during the 2011 calendar
year in 119 separate capital transactions. Read
Third Annual Eco Innovation
* The Federal Government's main agency for delivering incentives and programs to commercialize technology
* Two leading cleantech venture capital firms
* Australia's first specialist cleantech stock exchange
* Australia's first cleantech accelerator
* Australia's largest capital raising platform for unlisted companies
* Two leading angel and private investor groups
* A leading intellectual property law firm
* Two environmental entrepreneurs in wastewater recycling and solar technology with interesting stories to tell.
The Forum is an opportunity to hear the speakers and network with other environmental leaders, entrepreneurs and commercialization experts.
To see the program click Here.
To find out more about the speakers click Here.
Australian Clean Technologies
The competition includes the Cleantech Business Accelerator Program, where up to 30 semi-finalists will qualify for an intensive mentoring program on commercialization pathways, business modeling, venture capital and pitching. The Australian Cleantech Investment Showcase will give each semi-finalist the opportunity to pitch at the national investment showcase. The 2012 Competition winner will represent Australia at the Global Cleantech Competition.
Information Showcases are being
run in Melbourne, Sydney and Brisbane to provide further information on
the competition and hear from last year's finalists. The Sydney showcase
is being held alongside Eco Innovation Forum. Read
2012 Photovoltaic Industry
Government Cleantech Grants
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